IEA released a new report on the economics of transition in the power sector.
Electricity production has various environmental impacts, one of which greenhouse gas emissions. More efficient plants, carbon capture and storage and more restrictive control of emissions are some of the measures being used to change the situation. But these measures have risks associated.
The report identifies the importance of these risk factors in the economics of transition by illustrating the case of investment in the power sector. To a great extent, the transition to a lowcarbon power sector means dealing with coal plants, which is the largest contributor for greenhouse gas emissions, accounting for 73% of global power sector CO2 emissions.
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