5 reasons why coal is on the way out
26 October 2017
While some politicians - ahem, Trump! and ahem, Malcolm Turnbull are trying to prop up the fossil fuel industry, there’s been a quiet revolution happening around the world.
Despite Australia’s insistence on a mandated percentage of coal usage in the energy mix and consideration of a billion-dollar loan to help fund Adani’s Carmichael rail line the rest of the world are moving away from coal, Lauri Myllyvirta counts down the ways.
People are ditching coal – the main global energy source since 2003 – like never before!
Burning coal is the biggest single source of carbon dioxide emissions from human activity, and mining it also releases the potent greenhouse gas methane.
So why is King Coal no longer the energy of the future? New research from Greenpeace and CoalSwarm shows why.
1. More governments are completely ditching coal than ever before!
23 countries, states and cities will have either phased out coal-fired power plants or set a timeline to do so by 2030. Before 2014, no major jurisdiction had completely phased out coal. How things have changed!
2. The capital cities of China and India are going coal free!
Three of the G7 economies have decided to phase out coal – with Italy looking like it might also be phasing coal out soon.
3. 25% of companies in the coal business have completely pulled out!
This represents nearly 370 large coal-fired power plants shut down or not built in the first place – enough to power around six United Kingdoms, and equivalent to nearly half a trillion US dollars in assets retired or not developed.
4. In the USA, 14 coal plants have decided to close this year alone.
And that’s despite Trump’s pro-coal agenda.
5. More people are taking action to stop coal than ever before.
From the UK’s Kingsnorth protests, the Beyond Coal movement in the USA, to artists in Beijingto clean air activists in Delhi, people around the world are protesting dirty, polluting coal in favour of clean, renewable, affordable energy.
It’s time we end the age of fossil fuels and help workers and communities transition over to renewables.
Lauri Myllyvirta is the Energy Analyst at Greenpeace East Asia