E.U. bans almost all coal mining
Every unprofitable coal mine in the European Union must cease production by the first day of 2019, the date on which all public funds for the mines will come to an end.
Every unprofitable coal mine in the European Union must cease production by the first day of 2019, the date on which all public funds for the mines will come to an end.
In 2018, 42% of the world’s coal-fired power stations are running at a loss and by 2030, in virtually every case (96%) it will be cheaper to build new renewable energy capacity than to keep coal plants running, according to a new study.
Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 gigawatts (GW) by 2030.
Churches are also shunning the most polluting fossil fuels in their investment portfolios, which are typically used to fund the retirement of clergy and upkeep of church buildings.
Banking giant will no longer finance coal-fired power stations or thermal coal mines in support of Paris Agreement goals
RBS said it would no longer directly finance new coal-fired power stations or thermal coal mines, oil sands or Arctic oil projects and unsustainable vegetation or peatland clearance projects.
Within a year of eight coal- and oil-fired power plant retirements, the rate of preterm births in mothers living close by dropped, finds new study on air pollution.
Renewable energy prices in India are crashing, leaving coal-based power plants in the country financially unviable in their wake.
Europe’s largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
No coal was used for power generation by stations in the U.K. between 10:25 p.m. in London on Monday until 5:10 a.m. on Thursday.