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Coal-fired power station in Hanover, Germany. Photo: plus49/Construction Photography/Avalon/Getty Images

The International Energy Agency (IEA) will analyze the climate change and economic costs of the world’s coal plants in its 2019 world energy outlook, set for release in November, the agency's top official told Axios in a recent interview.

Why it matters: "There is an important problem here," said IEA Executive Director Fatih Birol. "The existing infrastructure provides a lifeline to people in developing countries, but at the same time, it’s the single most important driver of global carbon dioxide emissions."

By the numbers:

  • Today’s coal plants emit more than 10 gigatons of carbon dioxide, which amounts to 1/3 of all energy-related CO2 emissions, Birol said.
  • Coal plants in Europe and the United States are around 40 years old, but ones in Asia are far newer — closer to 11 years old — and still produce profits for the companies that operate them.
  • Those plants in particular are what Birol calls a “blind spot” in our climate and energy debate, given they are likely to be emitting for decades longer.

The big picture: IEA’s analysis will include a detailed, plant-level analysis of all the world’s coal plants, looking at what their "continued operation would mean for global emissions, energy security and costs,” an IEA spokesman said. IEA is an intergovernmental organization funded partly by its 30 member countries.

Go deeper: Why climate change is so hard to tackle

Go deeper

Trump blasts “wacky” GOP Sen. Cassidy after “Axios on HBO” interview

Former President Trump on Monday blasted Sen. Bill Cassidy (R-La.) after he told "Axios on HBO" that he is not sure Trump could win the 2024 Republican presidential nomination.

Driving the news: When told that Trump could be expected to win the nomination, Cassidy jumped in saying: "I don't know that."

Ben Geman, author of Generate
3 hours ago - Politics & Policy

Biden's carbon emissions-cutting pledge faces tough climb

Image from the Rhodium Group study "Pathways to Paris." Courtesy of the Rhodium Group.

The verdict is in: President Biden's U.S. emissions-cutting pledge isn't a fantasy, but the path to meeting it is very difficult and relies on forces outside of White House control.

Driving the news: The Rhodium Group just released an analysis of policy combinations that could close the gap between the current U.S. trajectory and Biden's vow under the Paris Agreement to cut emissions in half by 2030.

Felix Salmon, author of Capital
Updated 3 hours ago - Economy & Business

Johnson & Johnson pulls the trigger on Texas talc gambit

Illustration: Aïda Amer/Axios

It's official: Johnson & Johnson has invoked a Texas legal loophole in an attempt to protect the bulk of its corporate assets from claims that its baby powder caused ovarian cancer and mesothelioma.

Why it matters: It's the biggest and boldest invocation yet of the so-called Texas two-step defense. But it's still not clear whether it's going to work.