New Strategic Directions Report examines the role of coal, renewables in powering the future
The current administration has revived debates over coal’s role in the country’s overall energy mix. Still regarded as one of the most economical generation resources in an industry heavily driven by cost and reliability, some believe coal may experience a revival of sorts; however, most forward-looking infrastructure investors and industry leaders are not as optimistic.
Jared Blalock, a laid-off coal miner in Williamson, West Virginia, who received education and training from the Coalfield Development Corporation and found a new job in construction.
Multimedia with summary
Jared Blalock, a laid-off coal miner in Williamson, West Virginia, who received education and training from the Coalfield Development Corporation and found a new job in construction. (video 2:56 minutes).
Domtar is a case study of how supply and demand has accelerated sustainability—in particular, how the growing supply of natural gas has accelerated the reduction of coal burning in our power boilers. Over the past few years, energy economics and the drive for competitive advantage through improved efficiency have reduced air pollution and carbon dioxide emissions further and faster than what would have occurred under any likely scenario involving additional government regulation.
San Francisco has reduced its carbon emissions by 28 percent since 1990, while growing its GDP by 79 percent. And it’s far from alone. Across the country, cities have been proving that protecting the environment and growing the economy go hand-in-hand.
Companies with investments in oil, gas and coal need to do a better job disclosing the financial risk of climate change to their investors, a former chair of the Securities and Exchange Commission and an Obama administration official said Monday.
By Angus McCrone Chief Editor Bloomberg New Energy Finance
The last time U.S. interest rates were on a sustained upward trend was just over 10 years ago, in summer 2006. George W Bush was president, ‘Hips Don’t Lie’ by Shakira was at the top of the charts on both sides of the Atlantic, and no one had heard of Justin Bieber.
China is the world's top emitter of carbon dioxide and the world's largest user and producer of coal. Any step the nation takes to reduce its fossil fuel consumption would translate into significant cuts in global greenhouse gas emissions.
China's 114 gigawatts of canceled, early-stage coal projects amounts to about 40 percent of America's total coal generating capacity of 276 gigawatts.