Boom & Bust: The Future of Coal-Fired Power Plants

Home

Utilities around the world risk wasting nearly one trillion dollars of investment in new coal-fired power plants as the global demand for coal declines, according to a new report.

There are approximately 1,500 new coal-fired plants in the planning or construction phases around the world, but existing coal plants are more often sitting idle, and electricity produced from coal continues to decrease globally. A separate report confirms the decline of coal in Asia due to a supply glut of the fuel, concerns about air pollution, and financial difficulties. The Paris climate agreement is also helping to drive a transition in the power sector, increasing investment in low-carbon and renewable energy.

For a deeper dive:

News: Bloomberg, The Guardian, Sydney Morning Herald

Commentary: Huffington Post, Nicole Ghio op-ed

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

YOU MIGHT ALSO LIKE

Induced Earthquakes Increase Chances of Damaging Shaking, Wastewater Disposal From Fracking Primary Cause

China Puts the Brakes on New Coal Plants

Remembering Exxon Valdez: Obama Should Cancel Leases in Gulf and Arctic

Rockefeller Fund Divests From Fossil Fuels, Slams Exxon

EcoWatch Daily Newsletter