Building new gas turbines risks stranding £9bn of assets

Building out the current pipeline of 14GW of new combined-cycle gas turbines risks stranding £9 billion of assets, Carbon Tracker has claimed in a new report. The climate change think tank said the 15GW of coal and nuclear plants that are due to close by 2025 could already be replaced more cheaply with a portfolio of clean energy technologies and the savings are set to grow substantially over the coming years as costs continue to fall.

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