Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296804 
Year of Publication: 
2023
Series/Report no.: 
ADBI Working Paper No. 1412
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Although coal plants in some countries are actively being retired ahead of their planned closure dates, there is yet to be sufficient clarity on which business model(s) might help to achieve this at scale. Policy-based and market-led closures, buyout of coal plants, auctioning them off, repurposing them, and swapping coal assets with renewables have all been tried in different parts of the world. In this paper, we first summarize these business models and reflect briefly on the insights gained from these experiences. We then focus on the core questions: How can coal retirements be scaled up? Is there a reason that one model unilaterally works better than others? Do these models need to be crafted specifically to fit the context of each country/system? Can they be combined in some shape or form to carry out retirements at scale more efficiently? We address these issues around some of the country/utility coal fleets where the World Bank team is having active dialogues under the aegis of the Accelerating Coal Transition (ACT) program. The broad conclusions that emerge from the discussion point to the need for a tailored hybrid model that best fits the policy, system, and ownership of a coal fleet.
Subjects: 
coal retirement
coal-fired power plants
Accelerating Coal Transition (ACT) program
energy transition mechanism
renewable energy
JEL: 
Q40
Q41
Q42
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.