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Priorities for Financing Early Coal Retirement in Developing Countries

Chris Hall

These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early. billion for its energy transition between 2023 and 2027. These countries need more financing and alternative energy solutions, while at the same time, many have young coal fleets and new plants still under development.

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Is the IMO Turning the Tide on Transition?

Chris Hall

Both measures are due to be finalised in 2025 and come into force from 2027. “The adoption of the [strategy] is a monumental development for the IMO and opens a new chapter towards maritime decarbonisation,” said IMO Secretary-General Kitack Lim. “At the same time, it is not the end goal.