Coal transition is rarely a solo undertaking. The PPCA exists to make sure it doesn’t have to be – with the finance, the expertise, and the experience of those who’ve...
Read MoreThe Solutions Bank
Retiring coal plants early, keeping the lights on through the transition, and protecting the workers and communities who depend on coal – these are the practical challenges that determine whether pledges become reality. The Solutions Bank draws on experience from across the world to show what good looks like.
Significant progress has been achieved since the Paris Agreement was signed in 2015. Driven by ambitious actions taken by governments, cities and regions, businesses and financial institutions, coal transitions continue to gather pace and scale. In 2024, additions to the global coal fleet fell to the lowest level in over 20 years. Since 2015 the global pipeline of new coal power plants has fallen by 76%. OECD countries are rapidly phasing out coal power – with one third being coal free already and three-quarters set to eliminate coal by 2030. Even in coal-dependent emerging economies, with much younger coal fleets and growing energy demand, real progress is being made. In countries such as the Philippines, Indonesia, Chile, South Africa and the Dominican Republic, pioneering programmes are demonstrating the early retirement of coal power plants is possible.
However, coal remains the largest source of electricity worldwide, representing 36% of generation globally, and accounting for over 40% of all energy sector emissions of carbon dioxide. Without additional intervention, the existing coal fleet alone would push the world beyond 1.5°C of warming. Therefore, accelerating the transition away from coal power is one of the most steps needed to implement the Paris Agreement.
As our contribution to the COP30 Action Agenda, we have gathered experiences from across the world to identify key emerging solutions to the challenges of coal transitions. The PPCA’s Solutions Bank will support the development of a Plan to Accelerate Coal Transitions in a way that is timely, just, and secure.
Solutions
Security of Supply
Electricity demand continues to rise with electrification and industrialization, even as the power sector transitions. It is critical to maintain a secure supply of electricity at all hours of the...
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Early Retirement
According to IEA modelling, early retirement will be the primary policy lever for reducing coal power emissions on pathways consistent with the Paris Agreement temperature goal.
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