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At least 55 records · Page 3

Variable renewable energy deployment in low-emission scenarios: The role of technology cost and value

While rapid deployment of variable renewable energy (VRE) technologies, namely wind and solar PV, is often projected in 2C pathways generated by integrated assessment models, there is a wide range in projected VRE deployment by mid-century. Such differences could be the result of differences in assumptions about future technology costs and/or differences in model approaches for capturing other aspects of technology competitiveness. Here we introduce a consistent competitiveness metric, profitability-adjusted levelized cost of electricity (or PLCOE), to an integrated assessment model (EPPA) to evaluate the representation of technology competition, including VRE, in low-emission scenarios. We show that representing the value of technology (alongside cost) may significantly impact VRE deployment relative to scenarios without such an adjustment. In addition, we show that varying VRE costs by about 35% in 2050 results in differences in VRE deployment that span much of the range in outcomes (over the same period) observed in likely 2C scenarios assessed by the IPCC, suggesting that both cost and value are key drivers of VRE deployment in such scenarios. Given the central role that VRE technologies play in the electricity mix across most scenarios, we also find that alternative cost assumptions for VRE technologies can lead to changes in electricity prices, the associated demand for electricity, and total final and primary energy consumption. However, the demand for fuels other than electricity is relatively insensitive to VRE assumptions in the 2C scenarios considered here.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Bioenergy for climate change mitigation: Scale and sustainability

Many global climate change mitigation pathways presented in IPCC assessment reports rely heavily on the deployment of biomass for bioenergy, often used in conjunction with carbon capture and storage (BECCS). We review the literature on bioenergy, including the modelling of bioenergy in integrated assessment models (IAMs) and bottom-up modelling and non-modelling studies on the implications of bioenergy use. We summarise the limitations of existing modelling studies and what is known about the potential co-benefits and adverse side-effects of bioenergy systems. We find that the implications of bioenergy supply on mitigation and other sustainability criteria are context dependent and influenced by feedstock, management regime, climatic region, scale of deployment and the counterfactual land use and energy system. However, due to limitations of the existing models, and uncertainty over the future context with respect to the many variables that influence availability of biomass and land resources, it is not possible to precisely quantify the sustainability implications for different scales of bioenergy implementation. Given these uncertainties, the dependence on large-scale deployment of bioenergy in mitigation scenarios carries risks. The deployment of bioenergy technologies and the evolution of biomass supply chains at a scale that achieves significant mitigation and carbon sequestration requires integrative policies, coordinated institutions and improved governance mechanisms. As a result, bioenergy, and the use of land to produce biomass, is an essential part of many climate mitigation strategies but there are limits to its use due to trade-offs with sustainability.

09 BIOMASS FUELS↗

The impact of climate change on Korea’s agricultural sector under the national self-sufficiency policy

Evolving environmental conditions due to climate change have brought about changes in agriculture, which is required for human life as both a source of food and income. International trade can act as a buffer against potential negative impacts of climate change on crop yields, but recent years have seen breakdowns in global trade, including export bans to improve domestic food security. For countries that rely heavily on imported food, governments may institute policies to protect their agricultural industry from changes in climate-induced crop yield changes and other countries’ potential trade restrictions. This study assesses the individual and combined effects of climate impacts and food self-sufficiency policies in Korea, which is highly dependent on imports. We use the Global Change Analysis Model (GCAM), a global integrated assessment model, to explore (1) the direct impact of climate change on Korea’s agricultural yields, (2) the full impacts of global climate change on agricultural production, including trade-induced changes due to yield changes in other regions, (3) the impacts of food self-sufficiency policy, and (4) the interactive impact of climate change and self-sufficiency policies. We find that, in Korea, the direct impact of climate change on agricultural yields would be overshadowed by the impact of global climate change due to changing trade patterns. Second, global climate change leads to a rise (rice and wheat) or a decline (soybeans) in Korean producer revenues, while simultaneously raising consumer expenditures on both staples and non-staples. Third, implementing self-sufficiency policies for wheat and soybeans in Korea boosts the nation’s producer revenues, in conjunction with the effects of climate change, at the cost of additional increases in consumer expenditures for both staples and non-staples.

Science & Technology - Other Topics↗

Assessment of integral models for non-Boussinesq lazy plumes using numerical simulations

Integral modelling of turbulent buoyant plumes is crucial for rapid predictions of plume characteristics. While the governing equations are typically derived using self-similarity and a Boussinesq approximation, these assumptions may not hold for plumes originating from finite-area sources with large density ratios. Here, this work evaluates the accuracy of integral-scale models for non-Boussinesq lazy plumes using high-fidelity numerical simulations of turbulent helium plumes. We analyse the plume kinematics by computing vertical fluxes, plume radius and radial profiles, establishing some disparities between common practice and physical accuracy. We identify how the definition of the plume radius changes the perception of the plume structure when the flow is not self-similar and derive a relationship between the flux-based and threshold-based definitions without requiring self-similarity. We then examine the plume dynamics by evaluating the source terms from the governing plume equations. Our results support neglecting diffusive and viscous effects but emphasise the importance of the mean pressure gradient, even in the self-similar regime. Two coefficients need to be modelled: the well-known entrainment coefficient and the lesser-known momentum correction coefficient, which is a correction required for the momentum equation to account for self-similar and slender approximations. The momentum correction coefficient is found to be approximately constant and slightly greater than the assumed value of 1. The standard entrainment coefficient models perform well up to a local Richardson number three times the asymptotic value but overpredict entrainment for larger Richardson numbers. We propose a correction using the known finite limit of entrainment at infinite Richardson number.

Meehan, Michael Alexander [Sandia National Laborat↗

Bioenergy and Climate Change in Ukraine: How climate can impact the sustainability of bioenergy production

The Russian invasion has exacerbated Ukraine’s energy security issues, prompting a shift toward diversifying energy supply sources. Additionally, strategic documents aim to align Ukraine’s energy system with EU climate requirements, focusing on reducing reliance on fossil fuels and advancing decarbonization efforts. This report focuses on the expansion of bioenergy as an alternative source of energy in Ukraine. Current assessments suggest that Ukraine has substantial bioenergy potential, primarily from agricultural residues and energy crops. However, the challenges posed by climate change and the ongoing war might impact the outcome of these projections. This report highlights the importance of integrating climate factors into energy modeling using tools like the integrated assessment models to provide a comprehensive understanding of Ukraine’s bioenergy potential under various climate scenarios. It also emphasizes the need for climate-smart agriculture and forestry practices to mitigate risks, enhance energy efficiency, and support resilient crop supplies. Recommendations for stakeholders include diversification of the energy supply sources, developing adaptation strategies, diversifying bioenergy feedstocks, and ensuring robust decision-making to navigate the impacts of climate change on Ukraine’s energy system.

09 BIOMASS FUELS↗

The Role of Energy Storage in the Uptake of Renewable Energy: A Model Comparison Approach

The power sector needs to ensure a rapid transition towards a low-carbon energy system to avoid the dangerous consequences of greenhouse gas emissions. Storage technologies are a promising option to provide the power system with the flexibility required when intermittent renewables are present in the electricity generation mix. This paper focuses on the role of electricity storage in energy systems with high shares of renewable sources. The study encompasses a model comparison approach where four models (GENeSYS-MOD, MUSE, NATEM, and urbs - MX) are used to analyse the storage uptake in North America. The analysis addresses the conditions affecting storage uptake in each country and its dependence on resource availability, technology costs, and public policies. Results show that storage may promote emissions reduction at lower costs when renewable mandates are in place whereas in presence of carbon taxes, renewables may compete with other low-carbon options. The study also highlights the main modelling approach shortcomings in the modelling of electricity storage in integrated assessment models.

electricity storage↗

A Simple Model of Global Aerosol Indirect Effects

Most estimates of the global mean indirect effect of anthropogenic aerosol on the Earth's energy balance are from simulations by global models of the aerosol lifecycle coupled with global models of clouds and the hydrologic cycle. Extremely simple models have been developed for integrated assessment models, but lack the flexibility to distinguish between primary and secondary sources of aerosol. Here a simple but more physically based model expresses the aerosol indirect effect (AIE) using analytic representations of cloud and aerosol distributions and processes. Although the simple model is able to produce estimates of AIEs that are comparable to those from some global aerosol models using the same global mean aerosol properties, the estimates by the simple model are sensitive to preindustrial cloud condensation nuclei concentration, preindustrial accumulation mode radius, width of the accumulation mode, size of primary particles, cloud thickness, primary and secondary anthropogenic emissions, the fraction of the secondary anthropogenic emissions that accumulates on the coarse mode, the fraction of the secondary mass that forms new particles, and the sensitivity of liquid water path to droplet number concentration. Estimates of present-day AIEs as low as 5 W/sq m and as high as 0.3 W/sq m are obtained for plausible sets of parameter values. Estimates are surprisingly linear in emissions. The estimates depend on parameter values in ways that are consistent with results from detailed global aerosol-climate simulation models, which adds to understanding of the dependence on AIE uncertainty on uncertainty in parameter values.

Clouds↗

Deep-learning-enhanced assessment of wellbore barrier effectiveness in geologic storage systems with intermediate aquifers

For geologic systems where carbon dioxide (CO 2 ) is injected underground, existing wells represent potential pathways for fluid migration. Here, this study introduces a novel deep learning model to quantify the likelihood and potential magnitude of fluid migration through wellbores at sites with intermediate aquifers or thief zones between the injection units and underground drinking water sources. Synthetic datasets, generated using reservoir simulations, captured a wide range of subsurface conditions, well attributes, operational parameters, and fluid migration scenarios. Among the regression models developed to predict brine and CO 2 leakage rates and CO 2 saturations along leaky wellbores, convolutional neural network (CNN) outperformed both Light Gradient Boosting Machine and deep neural network. Additionally, a CNN-based classification model was created to predict whether brine and CO 2 would leak along a wellbore, further improving performance over regression alone. The best models were integrated into the National Risk Assessment Partnership Open-source Integrated Assessment Model for rapid, stochastic assessment of storage system containment and leakage risks. A case study demonstrated the model’s ability to simulate fluid migration through existing wells with multiple intermediate aquifers. This computationally efficient wellbore model offers value in support of site performance evaluation and risk-informed decision making by stakeholders.

CO2 leakage↗

The contribution of bioenergy to the decarbonization of transport: a multi-model assessment

The expected growth in the demand for passenger and freight services exacerbates the challenges of reducing transport GHG emissions, especially as commercial low-carbon alternatives to petroleum fuels are limited for shipping, air and long-distance road travel. Biofuels can offer a pathway to significantly reduce emissions from these sectors, as they can easily substitute for conventional liquid fuels in internal combustion engines. In this paper, we assess the potential of bioenergy to reduce transport GHG emissions through an analysis leveraging various integrated assessment models and scenarios, as part of the 33rd Energy Modeling Forum study (EMF-33). Furthermore, we find that bioenergy can contribute a significant, albeit not dominant, proportion of energy supply to the future transport sector: in scenarios aiming to keep the temperature increase below 2 °C by the end of the twenty-first century, models project that in 2100 bioenergy can provide on average 42 EJ/yr (ranging from 5 to 85 EJ/yr) for transport (compared to 3.7 EJ in 2018), mainly through lignocellulosic fuels. This makes up 9–62% of final transport energy use. Only a small amount of bioenergy is projected to be used in transport through electricity and hydrogen pathways, with a larger role for biofuels in road passenger transport than in freight. The association of carbon capture and storage (CCS) with bioenergy technologies (BECCS) is a key determinant in the role of biofuels in transport, because of the competition for biomass feedstock to provide other final energy carriers along with carbon removal. Among models that consider CCS in the biofuel conversion process the average market share of biofuels is 21% in 2100 (ranging from 2 to 44%), compared to 10% (0–30%) for models that do not. Cumulative direct emissions from the transport sector account for half of the emission budget (from 306 to 776 out of 1,000 GtCO 2 ). However, the carbon intensity of transport decreases as much as other energy sectors in 2100 when accounting for process emissions, including carbon removal from BECCS. Lignocellulosic fuels become more attractive for transport decarbonization if BECCS is not feasible for any energy sectors. Since global transport service demand increases and biomass supply is limited, its allocation to and within the transport sector is uncertain and sensitive to assumptions about political as well as technological and socioeconomic factors.

54 ENVIRONMENTAL SCIENCES↗

Deep decarbonization and U.S. biofuels production: a coordinated analysis with a detailed structural model and an integrated multisectoral model

Scenarios for deep decarbonization involve biomass for biofuels, biopower, and bioproducts, and they often include negative emissions via carbon capture and storage or utilization. However, critical questions remain about the feasibility of rapid growth to high levels of biomass utilization, given biomass and land availability as well as historical growth rates of the biofuel industry. We address these questions through a unique coordinated analysis and comparison of carbon pricing effects on biomass utilization growth in the United States using a multisectoral integrated assessment model, the Global Change Analysis Model (GCAM), and a biomass-to-biofuels system dynamics model, the Bioenergy Scenario Model (BSM). We harmonized and varied key factors—such as carbon prices, vehicle electrification, and arable land availability—in the two models. We varied the rate of biorefinery construction, the fungibility of feedstock types across conversion processes, and policy incentives in BSM. The rate of growth in biomass deployment under a carbon price in both models is within the range of current literature. However, the reallocation of land to biomass feedstocks would need to overcome bottlenecks to achieve growth consistent with deep decarbonization scenarios. Investments as a result of near-term policy incentives can develop technology and expand capacity—reducing costs, enabling flexibility in feedstock use, and improving stability—but if biomass demand is high, these investments might not overcome land reallocation bottlenecks. Biomass utilization for deep decarbonization relies on extraordinary growth in biomass availability and industrial capacity. In this paper, we quantify and describe the potential challenges of this rapid change.

09 BIOMASS FUELS↗

Decarbonization Scenarios in the United States: Comparing Biofuels Growth in Two Models - GCAM and BSM

Scenarios for deep decarbonization rely on biomass for biofuels, biopower, and bioproducts, often including negative emissions via carbon capture and storage or utilization. Despite the prominence of biomass in many deep decarbonization pathways, critical questions remain about biomass allocation, effects of transportation electrification, the pace of growth, and implications for agriculture and land use. We address these questions through a unique comparison of carbon pricing effects on the growth of biomass utilization and its effects on land use in the United States by comparing results from a multisectoral integrated assessment model, the Global Change Analysis Model [GCAM], with results from a biomass-to-biofuels system dynamics model, the Biomass Scenario Model [BSM]. We contribute to model comparison efforts by analyzing the biomass deployment needed for a scenario consistent with a "Middle of the Road" Shared Socioeconomic Pathway [SSP2] and a representative concentration pathway of 2.6 W/m2. The GCAM scenarios solve for global equilibrium conditions that are consistent with this pathway, including demands for biomass across all economic sectors and representing bioenergy with carbon capture and storage as a technology option. The BSM scenarios assess those biomass and biofuel results for the United States and identify challenges associated with that pace and amount of expansion. In the scenario analysis, we harmonize key factors such as carbon price trajectory, domestic ethanol fuel demand, ethanol blending, and arable land availability, and vary them in both models. In GCAM, we vary the carbon price, transportation electrification, ethanol blending constraints, and arable land availability inputs and the value of the carbon in land; in BSM, in addition to directly inputting certain GCAM results, we vary the maximum rate of biorefinery construction, flexibility of feedstock types across conversion processes, and policy incentives such as tax credits and renewable identification number payments. The selected carbon price trajectory results in a rapid increase in biofuel production in the United States, reaching about 9.4 EJ/year in 2060 in the highest scenario analyzed in GCAM. Results differ between the two models in timing and ultimate quantity of biomass and biofuel production. GCAM biofuel quantities generally exceed BSM amounts because CCS is applied to biofuel pathways in GCAM, and because of differences in capacity expansion and related dynamics of land allocation, biomass production, and price dynamics. These dynamics include rapid biorefinery capacity expansion in high demand cases. To satisfy this biomass demand, GCAM rapidly equilibrates land allocation, but the BSM limits the rate at which this re-allocation can occur. A further contrast with the equilibrium approach in GCAM is that the BSM represents a delay between planting and harvesting woody biomass resources. As a result of these model contrasts, feedstock costs in BSM increase more than in GCAM, and the absence of CCS in the BSM also reduces the relative economic attractiveness of biofuels production. The bottlenecks, lags, and price increases also lead to potential for volatility in feedstock price and land allocation to biomass in the BSM. GCAM has more biomass production than BSM in all scenarios, partly because of the broader, economy-wide coverage of GCAM, in contrast to BSM's exclusive focus on biofuels. In both models, trends like those of biofuels production were observed for biomass production: minimal growth without a carbon price and policy incentives, and increases with a carbon price, particularly with carbon capture and storage, because the inputs assume that biopower and biofuels decrease greenhouse gas emissions. In high policy scenarios, biomass demand is high, and the consequent high biomass prices due to the land re-allocation bottleneck in the BSM limit biofuel production even if the biorefinery capacity is expanded. However, because biomass prices do not increase as much in the low policy scenario, growth is slower and the land-reallocation bottleneck no longer dominates, such that the effect of increased capacity can be seen. Across both the models, a change in assumptions from less to more land availability increases biofuel production in both GCAM and BSM, as the upward pressure on feedstock price and volatility are both reduced.

biofuels↗

Implications of an emission trading scheme for India’s net-zero strategy: a modelling-based assessment

To help meet its near-term NDC goals and long-term net-zero 2070 target, the Government of India has planned to establish a Carbon Credit Trading Scheme (CCTS), i.e. a domestic emission trading scheme (ETS). An ETS is an inherently cost-effective policy instrument for emission reduction, providing the greatest flexibility to reduce emissions from within and across sectors. An effective ETS requires design features that consider country-specific challenges and reflect its role within the larger policy package to achieve long-term emission reduction. Within the Indian context and in this study we therefore investigate—(i) what might be the role of the ETS in achieving India’s long-term mitigation targets? (ii) How might the various sectors interact under an emissions cap? (iii) How might the ETS interact with existing energy and climate policies? We do this analysis by running four main scenarios using the integrated assessment model GCAM (v6.0), adapted to India-specific assumptions and expectations. These scenarios are—(i) NZ (net-zero), (ii) NZ + ETS, (iii) NZ + CC (command and control), and (iv) NZ + RPO (renewables purchase obligations) + ETS. The NZ scenario assumes India’s near-term and long-term climate commitments of net zero by 2070. Scenarios with ETS (ii) and (iv) apply an emissions cap on four sectors—electricity, iron and steel, cement, and fertilizer. The scenario with CC applies a homogenous emission cap on each of the chosen sectors but does not allow cross-sectoral trading. The last scenario includes renewables purchase obligations (RPOs along with an ETS. We show that under a specific ETS emissions cap: (i) the electricity sector emerges as the largest source of cost-effective greenhouse gas (GHG) reduction options; (ii) ETS with trading across sectors is around 24% more cost-effective than ETS with trading only within sectors, (iii) RPOs can be complementary to an ETS although the impact of RPOs on GHG reductions in the electricity sector would need to be considered when setting the level of the ETS cap (or emissions intensity targets) or the RPO targets to avoid low carbon prices, and (iv) the direction and volume of financial transfers across sectors depends on allocation targets set by the government. Based on these results we provide design recommendations for India’s ETS.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Solar photovoltaics is ready to power a sustainable future

Thanks to fast learning and sustained growth, solar photovoltaics (PV) is today a highly cost-competitive technology, ready to contribute substantially to CO 2 emissions mitigation. However, many scenarios assessing global decarbonization pathways, either based on integrated assessment models or partial-equilibrium models, fail to identify the key role that this technology could play, including far lower future PV capacity than that projected by the PV community. In this perspective, we review the factors that lie behind the historical cost reductions of solar PV and identify innovations in the pipeline that could contribute to maintaining a high learning rate. We also aim at opening a constructive discussion among PV experts, modelers, and policymakers regarding how to improve the representation of this technology in the models and how to ensure that manufacturing and installation of solar PV- can ramp up on time, which will be crucial to remain in a decarbonization path compatible with the Paris Agreement.

14 SOLAR ENERGY↗

Projections of Environmental Impacts of Biofuels Across Scenarios Using Prospective LCA

This work showcases a collaboration between leading institutions focusing on integrated assessment modeling (IAM) and life cycle assessment (LCA), sponsored - among others - by the International Energy Agency's Technology Collaboration Program on Bioenergy, Task 45. It presents draft results of a prospective LCA for biofuels across world regions, using regional IAM scenario outputs, and life cycle inventories for country-specific pathways.

bioenergy↗

Dynamic risk assessment for geologic CO 2 sequestration

At a geologic CO 2 sequestration (GCS) site, geologic uncertainty usually leads to large uncertainty in the predictions of properties that influence metrics for leakage risk assessment, such as CO 2 saturations and pressures in potentially leaky wellbores, CO 2 /brine leakage rates, and leakage consequences such as changes in drinking water quality in groundwater aquifers. The large uncertainty in these risk-related system properties and risk metrics can lead to over-conservative risk management decisions to ensure safe operations of GCS sites. The objective of this work is to develop a novel approach based on dynamic risk assessment to effectively reduce the uncertainty in the predicted risk-related system properties and risk metrics. We demonstrate our framework for dynamic risk assessment on two case studies: a 3D synthetic example and a synthetic field example based on the Rock Springs Uplift (RSU) storage site in Wyoming, USA. Results show that the U.S. National Risk Assessment Partnership’s Open Source Integrated Assessment Model (NRAP-Open-IAM) coupled with a conformance evaluation can be used to effectively quantify and reduce the uncertainty in the predictions of risk-related system properties and risk metrics in GCS.

58 GEOSCIENCES↗

Energy system analysis of cutting off Russian gas supply to the European Union

The reduction of European Union's pipeline gas imports from Russia as a consequence of the Russian war against Ukraine has had severe economy-wide implications for the EU. Using a multisector integrated assessment model (GCAM), we find that a potential complete cut-off of Russian pipeline gas exports to the EU unevenly impacts the energy mix, prices, and trade flows of different subregions within the EU, depending on their access to alternative gas pipelines and LNG infrastructure. Moreover, there are also large changes in the volume and geographical distribution of global gas infrastructure capacity additions and stranded assets. Our results show that by significantly reducing demand for natural gas, the EU Fit-for-55 policy framework already improves resilience against a complete and persistent cut-off of Russian pipeline gas. However, further improvements in energy efficiency and renewable targets could further soften impacts, while bringing climate objectives closer in sight.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Potential long-term, global effects of enhancing the domestic terrestrial carbon sink in the United States through no-till and cover cropping

Abstract Background Achieving a net zero greenhouse gas United States (US) economy is likely to require both deep sectoral mitigation and additional carbon dioxide removals to offset hard-to-abate emissions. Enhancing the terrestrial carbon sink, through practices such as the adoption of no-till and cover cropping agricultural management, could provide a portion of these required offsets. Changing domestic agricultural practices to optimize carbon content, however, might reduce or shift US agricultural commodity outputs and exports, with potential implications on respective global markets and land use patterns. Here, we use an integrated energy-economy-land-climate model to comprehensively assess the global land, trade, and emissions impacts of an adoption of domestic no-till farming and cover cropping practices based on carbon pricing. Results We find that the adoption of these practices varies depending on which aspects of terrestrial carbon are valued. Valuation of all terrestrial carbon resulted in afforestation at the expense of domestic agricultural production. In contrast, a policy valuing soil carbon in agricultural systems specifically indicates strong adoption of no-till and cover cropping for key crops. Conclusions We conclude that under targeted terrestrial carbon incentives, adoption of no-till and cover cropping practices in the US could increase the terrestrial carbon sink with limited effects on crop availability for food and fodder markets. Future work should consider integrated assessment modeling of non-CO 2 greenhouse gas impacts, above ground carbon storage changes, and capital and operating cost considerations.

54 ENVIRONMENTAL SCIENCES↗

Quantifying the regional stranded asset risks from new coal plants under 1.5 °C

Momentum to phase out unabated coal use is growing globally. This transition is critical to meeting the Paris climate goals but can potentially lead to large amounts of stranded assets, especially in regions with newer and growing coal fleets. Here we combine plant-level data with a global integrated assessment model to quantify changes in global stranded asset risks from coal-fired power plants across regions and over time. With new plant proposals, cancellations, and retirements over the past five years, global net committed emissions in 2030 from existing and planned coal plants declined by 3.3 GtCO 2 (25%). While these emissions are now roughly in line with initial Nationally Determined Contributions (NDCs) to the Paris Agreement, they remain far off track from longer-term climate goals. Progress made in 2021 towards no new coal can potentially avoid a 24% (503 GW) increase in capacity and a 55% ($520 billion) increase in stranded assets under 1.5 °C. Stranded asset risks fall disproportionately on emerging Asian economies with newer and growing coal fleets. Recent no new coal commitments from major coal financers can potentially reduce stranding of international investments by over 50%.

54 ENVIRONMENTAL SCIENCES↗