波士顿大学：2024火电退役：资产管理公司在燃煤电厂提早退役中的作用研究报告（英文版）（17页）.pdf

1、 www.bu.edu/gdpGlobal Development Policy CenterFiring DownThe Role of Asset Management Companies in Early Retirement of Coal-Fired Power PlantsBY YING QIAN EXECUTIVE SUMMARYA 70 percent reduction in total coal-fired power generation by 2030 and a 96 percent reduction by 2050 are needed to meet the 1

2、.5C warming threshold of the Paris Agreement.The 2023 United Nations Climate Change Conference(COP28)signaled the“beginning of the end”for the fossil fuel era,and prioritized a swift,fair transition with significant emissions reductions and increased finan-cial support.Transitioning coal-fired power

3、 plants involves managing various issues,including political support and collaboration with operators,planning and prioritizing the transition,ensuring a just transition for affected stakeholders,reconsidering electricity and grid planning,managing legal and institu-tional aspects,and ensuring trans

4、parency and accountability for climate and social outcomes.Tran-sition financing is also crucial and needs to focus on finding suitable financing/refinancing options,concluding power purchase agreements,optimizing debt and equity,managing cash flows and pro-viding just transition financing along wit

5、h institutional and technical support.Asset management companies(AMCs)with expertise in handling non-performing assets can effectively apply their experiences to scale up and expedite the process of early retirement of coal-fired power plants.For transition management,AMCs play vital roles in planni

6、ng and executing plant transitions,establishing new business processes,identifying and mitigating risks,advocat-ing for stakeholders and integrating environmental,social and governance considerations into all operations.Regarding transition financing,AMCs can take the lead in restructuring loans,neg