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The fossils generation assets that have 50 year lifetimes and financing structured over that period are called stranded assets. Calling for an early retirement
by vegetablepotpie 5y ago
The fossils generation assets that have 50 year lifetimes and financing structured over that period are called stranded assets. Calling for an early retirement of these assets is not easy, but there are policy levers in the US, which can be employed, to accelerate the transition.
Carbon pricing would make coal and NG less viable long term and motivate early retirement, despite financing.
Locally, cities and counties in 10 states are using Community Choice Aggregation to decouple electricity generation from utility monopolies and are buying their own renewables off the wholesale market, on behalf of residents.
By making small policy tweaks and enabling more market based competition, will drive higher renewable adoption in the US.