The Accelerating Coal Transition (ACT) investment program is a one-of-a-kind mechanism that presents a unique opportunity for a large-scale solution to the generational crisis of climate change. It raises the global ambition for action; while developed countries have identified transitioning out of coal as a priority in dedicating large-scale resources to the process, there is currently no such initiative underway in the developing world. ACT provides a dedicated platform that offers resources at scale at a time when these countries are facing competing pressures on their public finances. It will have a powerful demonstration effect by testing different models and approaches that can be applied more widely, thereby further accelerating the rate and scale of energy transition.
To advance knowledge and analysis on coal transition, CIF published the ReACT report. Drawing on findings from this report, the ReACT Tool breaks new ground by providing an online, user friendly tool to inform transition strategies. It analyzes information on up to 200 coal power plants and helps identify the most suitable for early retirement, evaluating climate smart options to repurpose infrastructure: these can be energy and non-energy such as solar, storage, green hydrogen, or reforestation solutions among others.
The ReACT Tool seeks to build capacity, share knowledge and accelerate a transition towards a net zero future. While the ReACT Tool does not replace the need for detailed feasibility studies, it does offer a sound preliminary assessment to help decision makers understand key considerations to underpin their coal transition strategies.
Visit this page to test the ReACT Tool.