Quantcast

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

Energy

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

Coral restoration in Guam. U.S. Pacific Fleet / CC BY-NC 2.0

By Erica Cirino

Visit a coral reef off the coast of Miami or the Maldives and you may see fields of bleached white instead of a burst of colors.

Read More
Cracker Lake, Glacier National Park, Montana. Jacob W. Frank / NPS / Flickr

By Jason Bittel

High up in the mountains of Montana's Glacier National Park, there are two species of insect that only a fly fishermen or entomologist would probably recognize. Known as stoneflies, these aquatic bugs are similar to dragonflies and mayflies in that they spend part of their lives underwater before emerging onto the land, where they transform into winged adults less than a half inch long. However, unlike those other species, stoneflies do their thing only where cold, clean waters flow.

Read More
Sponsored
Augusta National / Getty Images

By Bob Curley

  • The new chicken sandwiches at McDonald's, Popeyes, and Chick-fil-A all contain the MSG flavor enhancement chemical.
  • Experts say MSG can enhance the so-called umami flavor of a food.
  • The ingredient is found in everything from Chinese food and pizza to prepackaged sandwiches and table sauces.

McDonald's wants to get in on the chicken sandwich war currently being waged between Popeyes and Chick-fil-A.

Read More
Protesters march during a "Friday for future" youth demonstration in a street of Davos on Jan. 24 on the sideline of the World Economic Forum annual meeting. FABRICE COFFRINI / AFP / Getty Images

By Andrea Germanos

Youth climate activists marched through the streets of Davos, Switzerland Friday as the World Economic Forum wrapped up in a Fridays for Future demonstration underscoring their demand that the global elite act swiftly to tackle the climate emergency.

Read More
chuchart duangdaw / Moment / Getty Images

By Tim Radford

The year is less than four weeks old, but scientists already know that carbon dioxide emissions will continue to head upwards — as they have every year since measurements began leading to a continuation of the Earth's rising heat.

Read More