by Damian Carrington, The Guardian
The number of coal-fired power plants being developed around the world has collapsed in the last three years, according to a report.
The number of plants on which construction has begun each year has fallen by 84% since 2015, and 39% in 2018 alone, while the number of completed plants has dropped by more than half since 2015.
The report, from the NGO-backed Global Energy Monitor, says the falling costs of renewable energy are pricing coal out of the electricity market, more than 100 financial institutions have blacklisted coal producers, and political action to cut carbon emissions is growing.
“It’s only a matter of time before coal is a thing of the past worldwide,” said one of the report’s authors, Neha Mathew-Shah, of the Sierra Club.
Latest posts by Guest Blogger (see all)
- Berkeley first city in California to ban natural gas in new buildings - July 17, 2019
- A campaign for community rights and the rights of nature - July 16, 2019
- Montana energy storage project lines up financial partner - July 12, 2019