Is that the future where countries around the world have a net zero emission target ?
Including every state and territory in Australia.
" It is now cheaper to build and operate new utility-scale solar photovoltaic farms in much of the world than it is to maintain existing coal-fired power stations – though not in coal-rich, carbon price-free Australia, new research by BloombergNEF finds.
It’s already well established that the plummeting cost of solar PV and wind means that when a coal plant reach the end of its life, it makes no financial sense to build a new one – even before you consider climate change and carbon pricing.
But the BNEF report suggests this dynamic has moved to a new plain, and could potentially prompt coal plants in India, China and much of Europe to be shutdown early. "
