波士顿大学：2024绿色转型：海外中资煤电厂提前退役的政策机遇和挑战报告（英文版）（13页）.pdf

1、 www.bu.edu/gdpGlobal Development Policy CenterGoing GreenPolicy Opportunities and Challenges for Early Retirement of Overseas Chinese-Financed Coal PlantsCECILIA SPRINGER,NICCOL MANYCH,RACHEL THRASHEREXECUTIVE SUMMARYIn recent decades,China has built and financed a large number of coal plants abroa

2、d,predominantly in low-and middle-income countries in Asia and Africa.However,many of these plants will need to be retired before reaching their intended lifetimes given the required emission reductions to comply with the Paris Agreement.Once again,China has the opportunity to play a crucial role in

3、 supporting these countries in the development of their energy systems,this time in their efforts to retire coal plants.Next to the obvious advantages from coal plant retirement for the host countries,there are sig-nificant benefits for China as well.With several Western-backed institutions like the

4、 World Bank already engaging in retirement initiatives,China can strengthen its role as a global climate leader and a partner in sustainable development by following suit.Additional benefits extend to the economic realm,such as reduced financial risks for Chinese companies and banks amid coal transi

5、tions,as well as green investment opportunities for Chinese renewable companies following coal plant closures.This policy brief discusses the benefits and challenges that could arise when China assists countries in retiring their coal plant fleet early,identifying plants that should be targeted firs

6、t and concrete next steps that can be undertaken.Several financial mechanisms are available to enable the early retirement of coal plants that can be grouped into three sets.The first set of mechanisms brings down the cost of debt through approaches such as modifying the terms of existing outstandin