Interesting perspective on retiring fossil plants makes solid economic sense by giving incentives to owners of such assets via blended finance structures.

“The approach of incentivising decarbonisation with subsidies has already proved effective in western climate policy. Climate finance, subsidising early retirement and crowding in private capital for renewables should now be extended across borders (in the developing economies and emerging economies). This is the only workable option the world has left.”

https://lnkd.in/e5MCrZfJ