More than half the world's largest coal companies are planning for expansion even as competition from renewable energy rises and financiers shy from backing fossil fuels.
Still, some 259 companies are planning or developing power stations in 60 nations, many of which have little or no coal-fired power. Those projects would add 579,000 megawatts, or increase total coal fleet capacity by 29 per cent if developed.“Our 2019 data shows that the time for patient engagement with the coal industry has definitely run out,” Heffa Schuecking, director of Urgewald, said.
To avoid overshooting the lower end of the Paris climate target to keep global warming to 1.5 degrees, coal-fired power must be reduced 78 per cent by 2030, she said. The report's release comes as organisers are preparing climate-related protests around the world, ahead of a United Nations climate summit in New York on Monday.
p_hannam Is that image from ScottMorrisonMP ‘s porn stash?
p_hannam Answer is quite simple We need to pressure financial institutions not to finance those plants. And pressure UN to block new projects.
p_hannam they r kissing coal then they'd get black lungs disease Coal mines r wasting water to hose down coal dust
p_hannam They’ll drag it out as long as they possibly can-anything but invest in renewables and help the world.
p_hannam shortsighted
p_hannam 🙄
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'Where's the squelch?': Coal mine drying out Greater Sydney catchmentCoal mining in Greater Sydney's catchment is drying up sensitive swamps and creeks, with more damage likely if a planned expansion allowing extraction out to 2048 wins approval. p_hannam So where is the water going? The miner doesn't want it in the mine so they must be pumping it somewhere.
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