Banking giant Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
No coal
China launches ambitious five-year plan to convert homes to clean heating
If successful, China’s clean heating plan could decrease the amount of coal burned by the nation by 74 million tonnes (81 millions tons) by 2019 and 150 million tonnes (165 million tons) by 2021.
Australia’s Newcastle Port, the world’s biggest coal export port, announces shift away from coal
The new chair of Newcastle Ports in Australia says there’s an urgent need to diversify the regional economy and the port’s business.
Denmark commits to ending its reliance on coal for electricity by 2030
This year, at the annual COP23 climate conference, Denmark renewed its pledge to end its reliance on coal for the purposes of producing electricity by 2030.
U.K. and Canada lead global alliance against coal
The U.K. and Canada have launched a global alliance of 20 countries committed to phasing out coal for energy production.
Bloomberg pledges $64M for anti-coal initiatives
Billionaire philanthropist Michael Bloomberg is making a new $64 million commitment to environmental groups’ efforts to shut down coal-fired power plants and replace them with cleaner forms of electricity generation.
World’s biggest coal company closes 37 mines as solar prices plummet
Coal India, the world’s biggest coal mining company and producer of 82 percent of the country’s coal, announced the closure of 37 mines that are financially “unviable.”
South Korea to transition from nuclear to renewables
President Moon also plans to close at least 10 ageing coal-fired power plants before his term ends in 2022, as well as boosting renewables’ share of the country’s energy mix from 6.6 per cent today to 20 per cent by 2030.
Wind project in Wyoming envisions to offer free training to coal miners
Goldwind Americas announced plans for a free training program for wind farm technicians, aiming the program at coal miners having trouble finding work.
Plans for 13.7 GW of coal power in India axed
“For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets are profound.”