Coal once powered much of the world’s economy — and now countries, cities, and utilities are moving away from it faster than many expected. This archive tracks plant closures, policy shifts, and clean-energy transitions that are shrinking coal’s role in the global energy mix.
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.
The data marked the fifth successive year in which the amount of carbon dioxide pumped into U.K. skies has fallen, and emissions are now 38 per cent below the level of 1990.
Good wind conditions and huge investment into wind energy have helped the European Union generate more electricity from renewable energy sources like wind, solar and biomass than from coal in 2017, a new study has shown.
The 2021 goal sets a more aggressive target than the timeline advanced by Mr Macron’s predecessor, Francois Hollande, who sought to shut down the country’s coal-powered plants by 2023.
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
Coal India, the world’s biggest coal mining company and producer of 82 percent of the country’s coal, announced the closure of 37 mines that are financially “unviable.”
President Moon also plans to close at least 10 ageing coal-fired power plants before his term ends in 2022, as well as boosting renewables’ share of the country’s energy mix from 6.6 per cent today to 20 per cent by 2030.
“For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets are profound.”
Slowing coal use in China and India has put the two most populous countries on a trajectory to beat their carbon emissions goals under the Paris Agreement, making up for rollbacks in U.S. climate action under the Trump administration
