Report: Closing Coal Plants Would Save US $10bn a Year

Energy consumers in the US could be paying an extra $10bn a year by 2021 to prop up ageing coal power plants, according to a new study which argues cheap gas and renewable energy will soon undercut the cost of running most existing coal power plants. Analysis released today by Carbon Tracker suggests phasing out …

China Halts Construction On 150 Gigawatts Of New Coal Power Plants

China’s state-run news agency Xinhua has revealed that China has currently halted construction on new coal-fired power plants in an effort to avoid building over-capacity while simultaneously hoping to promote a cleaner energy mix. The Chinese Xinhua News Agency reported on Monday that China had halted construction on a total of 150 gigawatts (GW) of …

Global Coal Production Falls 6.2% in the Biggest Decline in History

U.S. President Donald Trump may believe coal is the future, but newly-released statistics by BP state otherwise. According to the data, global coal production fell by an astonishing 6.2 percent last year — the largest annual decline on record. Additionally, consumption decreased for the second year in a row, dropping 1.7 percent. In wake of …

India Cancels Nearly 14 Gigawatts Of Proposed Coal Plants

The transformation of India’s electricity market continues to deliver, as shown this month by the cancellation of 13.7 gigawatts of proposed coal-fired power plants, an admission that 8.6 gigawatts of operating coal is already non-viable, and the parallel move of ever-decreasing solar costs helped along by the country’s record low solar tariffs. Keeping an eye …

US Coal Plant Closures Likely To Eliminate 30 Million Tons Of Annual Coal Demand

The United States is closing 46 coal-fired generating units at 25 electricity plants across 16 states over the next few years, transitioning to natural gas or intentionally closing them, and a new report shows that this will likely result in eliminating about 30 million tons of annual coal demand by the end of 2018. The …

Court Forces Turkish Coal Plant to Suspend Operations

Izdemir coal power station opened in April 2014. Now, a Turkish court has revoked its environmental permit. Without it, the 350MW generator cannot legally run. The judge cited its impact on the ancient Aeolian city of Kyme, a nearby archaeological site that has yet to be fully excavated. Three other coal power projects in the …