Biggest power plant in coal-reliant Australia to close early
Australia’s largest coal-fired power station will close seven years earlier than planned, as its operator says it is increasingly unable to compete with the “influx of renewables”.
No coal
Scotland ends all coal power
Scotland has marked the end of its coal-powered history by demolishing the huge chimney at its last remaining coal plant at Longannet in Fife.
Portugal becomes fourth E.U. country to stop using coal plants
The Pego plant located 90 miles northeast of Lisbon stopped generating over the weekend, as Portugal became the fourth E.U. country to stop burning coal to produce electricity.
AXIS Capital becomes first North American insurer to commit to phase out coal business
AXIS Capital announced new measures restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas, as part of the company’s efforts to accelerate the transition to a low-carbon economy.
Volvo builds a world-first vehicle using fossil-free steel
SSAB plans to begin producing its fossil-free steel at scale in 2026, while Volvo plans to have an entirely climate-neutral business by 2050, including its supply chain.
Seven nations launch initiative to end new coal power
The Compact calls on nations to halt the construction of unabated coal-fired power generation projects by the end of this year. Initial signatories include Sri Lanka, Chile, Denmark, Germany, Montenegro, France, and the U.K.
China to stop building coal plants abroad
China is the largest public financier of overseas coal plants. Last week, an alliance of 35 NGOs pressed the Bank of China to end the financing of such projects outside China in order to combat climate change.
Australia’s big four banks to stop lending to thermal coal mining and coal-fired power plants
The Commonwealth Bank, ANZ, Westpac, and National Australia Bank are closing their books on fossil fuel financing in response to shareholder pressure.
Sri Lanka pledges no new coal, makes push into rooftop solar
In its latest climate plan, Sri Lanka is ruling out new coal power and aiming to reach 70 percent clean electricity by 2030.
New York State pension fund divests from more coal
New York’s State Comptroller Tom DiNapoli announced further divestment of coal assets today from one of the nation’s largest pension funds – shedding remaining investments in New Hope, PT Indo Tambangraya Megah Tbk, Semirara Mining and Power, Shanxi Coking Coal Energy Group. and Whitehaven Coal.