The energy transition is done when the last coal power plant is retired.
To study the stranded assets problem, we want to compare two scenarios a) coal power plants are used to the full extend of their design life. b) they are phased out early. In the scenario a) if the last new power plant opens in 2030 then it would normally end-of-life around 2070.
The energy transition is done when the last coal power plant is retired. To study the stranded assets problem, we want to compare two scenarios a) coal power plants are used to the full extend of their design life. b) they are phased out early. In the scenario a) if the last new power plant opens in 2030 then it would normally end-of-life around 2070.