LONDON: Building just a third of planned new coal-fired power plants around the world would push hundreds of millions of people into poverty as it accelerates climate change past an agreed limit of 2 degrees Celsius of warming, development experts warn.

As pressure builds to phase out coal as a power source in favour of cleaner renewable energy, the coal industry has fought back, arguing that coal is the cheapest and most reliable way to bring power to millions without it.

In particular, “clean coal” technology offers emissions 25 to 40 per cent lower than traditional coal plants, industry officials say.

But a report by a dozen poverty and development organisations – including the UK-based Overseas Development Institute and the Vasudha Foundation in New Delhi - suggests that falling prices for solar and wind power mean renewable energy is now the fastest and least expensive way to bring electricity to the world’s poor.

In particular, off-grid and “distributed” renewable power – in which smaller-scale clean power systems are built close to areas of demand, avoiding the high cost of expanding national power grids – is “the cheapest and quickest way of reaching over two-thirds of those without electricity”, the report said.

“There are myths that we’re trying to pull up the ladder and deny developing countries the chance to develop the way we did,” said Sarah Wykes, the lead analyst on climate change and energy issues for CAFOD, a Catholic international development charity.

Published in Dawn October 26th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.
Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...