carbon tracker

Energy management software company Cleartrace has safeguarded US$ 20 million in a financing round to speed up the growth of its platform.

The Nordic country is currently the 3rd European nation to have actually swung bye-bye to coal for power generation. One more 11 European states have actually made strategies to do the same over the following years.

Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.

Japan risks saddling its citizens with an inefficient, economically obsolete power fleet if it doesn’t rethink its current plans for a large-scale roll-out of new coal, experts have warned.