Replacing coal power could provide economic boost: report

REPLACING the costliest 500 gigawatts of coal capacity with solar and wind would cut annual system costs by up to US$23 billion per year and yield a stimulus worth $940 billion, or about 1% of global GDP, according to a report by the International Renewable Energy Agency.

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Replacing coal power could provide economic boost: report Replacing coal power could provide economic boost: report Replacing coal power could provide economic boost: report Replacing coal power could provide economic boost: report Replacing coal power could provide economic boost: report

Replacing the costliest coal capacity with renewables would also reduce annual carbon dioxide emissions by around 1.8 gigatonnes.

Replacing the costliest coal capacity with renewables would also reduce annual carbon dioxide emissions by around 1.8 gigatonnes, or 5% of last year's global total.