Methodology: Early closure of fossil-fuel-fired power plants and replacement by renewable energy sources

Year Published

2022

Contributing Organizations

Engie

IDB Invest

Type of Resource

Research/Insights Report

Languages

English

Spanish

Relevant Topics

Core Topic

Mitigation

Target Audience

Banks

Real Economy Corporates

Relevant Geography

Latin America and the Caribbean

Resource Description

This document outlines a methodology to assess and support the early retirement of fossil-fuel power plants and their replacement with renewable energy, ensuring net emission reductions and sustainable development.

Why This Matters

A standardized approach can accelerate managed phase-out while ensuring climate integrity, equity, and investment confidence.

Key Insights

Defines criteria for credible plant closure and renewable energy replacement
Covers baseline emissions, additionality, monitoring, and verification steps
Emphasizes social safeguards, just transition, and alignment with sustainable development goals
Applicable to carbon crediting and climate finance frameworks

Secondary File Resources

Secondary Resource Link(s)

Analysis and development of a methodology for decarbonization in Chile - (Spanish)

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your Feedback Suggest a Resource