They will then invest an estimated $3.8 billion by 2030 into a generation of renewables and storage, mostly wind and batteries, to ensure Western Australia has affordable and reliable power into the future.
The New Jersey Board of Public Utilities (NJBPU) approved a petition filed by Atlantic City Electric Co. (ACE) to cease coal-fired generation at the two plants sometime around June 2022.
Duke Energy Corp. intends to close the rest of its coal plants by 2035 and more than double its renewable capacity by 2030 as part of a massive — and expensive — clean energy push.
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”.
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.
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 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.
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.
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 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.
