coal

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23 04 2021 | 14:42

South Korea pledges end to state financing of coal-fired plants

South Korea will halt state-backed financing of coal-fired power plants overseas and also plans to strengthen its emissions reduction commitment under the Paris agreement. President Moon Jae-in made…

20 04 2021 | 12:54

CEO of Poland’s PGE utility acknowledges need ‘to move away from coal’.

Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country…

20 04 2021 | 12:35

Coal financing costs have surged in past 10 years—University of Oxford.

Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy projects to justify the risk of investing in fossil…

15 04 2021 | 09:56

Seven European countries end export finance for coal projects, boost renewable funding.

Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate.…

14 04 2021 | 13:07

India’s planned coal plants could ‘single-handedly jeopardise’ 1.5C target

Current plans to build 370 coal-fired power stations in India will gravely undermine the country’s Paris climate pledge, or create “stranded assets” worth billions of dollars. That’s the conclusion…

14 04 2021 | 12:16

Vistra to close Joppa coal plant in Illinois in 2022, three years ahead of schedule.

Vistra Corp. and its subsidiary Electric Energy Inc. announced a decision April 6 to move up retirement of the 1,002-MW Joppa power plant in Illinois to occur by Sept. 1, 2022, three years earlier…

05 04 2021 | 09:55

France’s Biggest Insurer Dumps German Power Giant Over Coal

The decision is precedent-setting for the insurance industry. Axa SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal…

05 04 2021 | 09:51

Europe passes milestone with half of coal plants closed or set to retire by 2030

Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) when French power utility EDF announced the 162nd plant…

05 04 2021 | 09:48

Risk of new ‘international embarrassment’ if we phase out coal and gas too soon

Special report: Inside the massive 10,000-submission mailbag on draft plan to reduce New Zealand's emissions to net-zero The Climate Change Commission faces strong industry pushback against phasing…

01 04 2021 | 09:41

Coal project financing totals $1T globally despite Paris, zero-carbon pledges, report says

Many utilities and nations around the developed world may be announcing accelerated moves away from coal-fired power projects, but a new report indicates that financing support for this resource is…

29 03 2021 | 10:12

Japan looks to end support for overseas coal power projects.

Country will align with US and Europe on moving away from carbon. TOKYO -- The Japanese government is considering ending support for the exportation of coal-fired power plants to follow the lead of…

22 03 2021 | 14:56

US climate envoy John Kerry warns UK government coal has ‘no future’ amid growing concern over Cumbria mine

Mr Kerry warns UK ministers coal is ‘dirtiest fuel in the world’ amid international concern over Cumbrian mine. Coal has “no future”, US climate envoy John Kerry has warned UK ministers amid growing…

15 03 2021 | 11:12

Breaking: powering past coal alliance urges faster phaseout while co-founders allow new coal mines

The global Powering Past Coal Alliance is taking sharp criticism from both sides of the Atlantic this week, with delegates gathering for a three-day online summit while the PPCA’s two founders and co…

12 03 2021 | 15:02

This map shows every one of the world’s remaining coal power plants.

There are more than 4,000 coal power plants globally. Now you can track every one and see if they’re closing—or if countries are adding more. Over roughly a decade, 256 coal power plants in the U.S…

12 03 2021 | 11:13

What’s really driving coal power’s demise?

The big idea People often point to plunging natural gas prices as the reason U.S. coal-fired power plants have been shutting down at a faster pace in recent years. However, new research shows two…

12 03 2021 | 10:31

Cancel all planned coal projects globally to end ‘deadly addiction’, says UN chief.

Call comes at event hosted by UK government, which is under pressure over planned coalmine in Cumbria. All planned coal projects around the world must be cancelled to end the “deadly addiction” to…

04 03 2021 | 07:39

UK accused of ‘rank hypocrisy’ over Cumbria mine as it hosts coal phase-out summit.

‘Ending coal use, whether for power generation or for industry, is crucial for facing down the climate emergency,’ said one campaigner. The government has been accused of “rank hypocrisy” as it…

03 03 2021 | 10:53

Dominion to trade coal for gas at its South Carolina utility.

Dominion Energy South Carolina now says it can retire coal-fired power generation by 2030, a significant reversal from plans released by the utility just last year. Dominion’s new 15-year plan said…

03 03 2021 | 10:41

Arch planning for Black Thunder mine’s closure as U.S. coal demand continues to shrink.

The owner of the second-largest coal mine in the U.S. by production volume is planning for the asset’s closure as retirement dates approach for several plants that burn much of the mine’s fuel.

17 02 2021 | 09:22

Mexico was once a climate leader – now it's betting big on coal.

As the climate crisis worsens, Andrés Manuel López Obrador plans to buy nearly 2m tons of thermal coal from small producers. The men on the midnight shift smoked cigarettes and cracked jokes in the…