{"id":30987,"date":"2019-06-11T06:50:53","date_gmt":"2019-06-10T20:20:53","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=30987"},"modified":"2019-06-11T06:50:53","modified_gmt":"2019-06-10T20:20:53","slug":"bloomberg-coal-renewables-mb1089","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/bloomberg-coal-renewables-mb1089\/","title":{"rendered":"Billionaire Pledges USD$500 Million To Help End U.S. Coal Power"},"content":{"rendered":"

\"Beyond<\/p>\n

Entrepreneur, philanthropist and three-term Mayor of New York City Michael Bloomberg is coughing up a big chunk of change to fund an effort to end coal power in the USA.<\/p>\n

Coal power in the United States is in its demise, but still accounted for 27.4% of electricity production<\/a> in 2018. Last year, the amount of operating coal power capacity in the U.S. was 261GW<\/a>, quite a drop from 2011 when it reached a whisker of 340GW. Domestic coal consumption fell to 687 million short tons in 2018, the lowest level since 1978<\/a>.<\/p>\n

50 coal power station closures along with 51 announcements of closures have occurred<\/a> since U.S. President Donald Trump was sworn into office in January 2017. President Trump may have declared last year that the war had ended on “beautiful, clean coal”<\/a>, but when it comes to domestic electricity generation it appears to be bobsledding all the way the graveyard.<\/p>\n

Mr. Bloomberg wants to help get it there faster; announcing last Friday that he, with Bloomberg Philanthropies, is committing USD$500 million (around AUD$717.5 million) to launch the Beyond Carbon<\/a> climate initiative.<\/p>\n

“We will push states and utilities to phase out every last U.S. coal-fired power plant by 2030 \u2014 just 11 years from now,” he said<\/a>.<\/p><\/blockquote>\n

But it’s not just coal the initiative is going after as Beyond Carbon will also attempt to stop the construction of new gas plants to avoid a situation where one fossil fuel replaces another.<\/p>\n

“By the time they are built, they will be out of date because renewable energy will be cheaper”.<\/p><\/blockquote>\n

Assumption: renewable energy + energy storage. Wind and solar energy have plummeted in price and are already competitive with or cheaper than new gas.<\/p>\n

What’s not clear is Beyond Carbon’s view of nuclear energy.<\/p>\n

Climate Change “A True Crisis”<\/h2>\n

The other elements of the Beyond Carbon initiative are supporting activism and also local\/ state governments in their pursuit of ambitious policies and laws. Beyond Carbon will also be getting involved in elections across the country as climate change is “first and foremost a political problem.”<\/p>\n

“Beyond Carbon will mobilize voters to go to the polls and support climate champions, and we will defeat those who try to block action,” states a tweet<\/a>.<\/p><\/blockquote>\n

Mr. Bloomberg believes the question isn’t how to address climate change, but rather why we are moving so slowly in doing so.<\/p>\n

The initiative is being compared to a “moonshot” type effort – harking back to a time when all the stops were pulled in order that the USA put the first man on the moon.<\/p>\n

“Today, I believe that we are living in a similar moment,” he said. “But this time, our most important and pressing mission is not to explore deep space. It\u2019s to save our planet, the one we\u2019re living on, from climate change.”<\/p><\/blockquote>\n

Mr. Bloomberg has an extensive background<\/a> in tackling environmental issues and currently serves as the UN Secretary-General\u2019s Special Envoy for Climate Action<\/a>. An existing partnership between Bloomberg Philanthropies and the Sierra Club claims to have shut down 289 coal-fired power plants since 2011, although how much credit can be attributed to their efforts is difficult to quantify<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneur, philanthropist and three-term Mayor of New York City Michael Bloomberg is coughing up a big chunk of change to fund an effort to end coal power in the USA.<\/p>\n","protected":false},"author":17,"featured_media":30988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-30987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nBillionaire Pledges USD$500 Million To Help End U.S. Coal Power<\/title>\n<meta name=\"description\" content=\"Entrepreneur and philanthropist Michael Bloomberg is 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The IEEFA bases its assessment on data released by the U.S. Energy Information Administration (EIA) and notes renewables beating coal actually began on March\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable energy vs. coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/renewable-energy-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/renewable-energy-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/renewable-energy-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/renewable-energy-coal.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/renewable-energy-coal.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":18235,"url":"https:\/\/www.solarquotes.com.au\/blog\/fpl-coal-solar-power-mb0410\/","url_meta":{"origin":30987,"position":2},"title":"Lights Out For FPL Coal Plant, While Solar Powers Up","author":"Michael Bloch","date":"January 10, 2018","format":false,"excerpt":"Florida Power & Light (FPL) has shuttered another coal-fired power station and brought four new solar farms online - with more to come. The ageing 1,300MW St. Johns River Power Park (SJRPP) was officially shut down on Monday as it was no longer economical to operate. Closure of the facility\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"FPL coal retirement and solar rollout","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":36422,"url":"https:\/\/www.solarquotes.com.au\/blog\/agl-coal-ash-mb1365\/","url_meta":{"origin":30987,"position":3},"title":"AGL Macquarie Cops $100,000 Coal Ash Penalty","author":"Michael Bloch","date":"January 14, 2020","format":false,"excerpt":"The NSW Environment Protection Authority (EPA) says AGL Macquarie has entered into an Enforceable Undertaking that will see it coughing up $100,000 after another breach of regulations concerning the management of coal ash. The EPA states back in early 2019, AGL Macquarie self-reported it used the wrong sampling methodology for\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal ash penalty","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-ash-agl.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-ash-agl.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-ash-agl.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-ash-agl.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-ash-agl.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":36297,"url":"https:\/\/www.solarquotes.com.au\/blog\/coal-human-crop-health-mb1360\/","url_meta":{"origin":30987,"position":4},"title":"Study: Coal Power Shutdowns Saved Lives And Crops","author":"Michael Bloch","date":"January 9, 2020","format":false,"excerpt":"A study out of University of California San Diego states coal-fired electricity generation shutdowns in the USA have saved tens of thousands of lives and millions of bushels of important crops. Coal-based power generation emissions aren't just problematic in terms of carbon dioxide. Toxins spewed into the atmosphere include sulfur\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal power shutdown effect on human and crop health","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-shutdown-health.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-shutdown-health.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-shutdown-health.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-shutdown-health.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/coal-shutdown-health.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61899,"url":"https:\/\/www.solarquotes.com.au\/blog\/coal-power-pollution-mb2477\/","url_meta":{"origin":30987,"position":5},"title":"Coal Power Connection In Australia’s “Most Polluted” Postcodes","author":"Michael Bloch","date":"May 18, 2022","format":false,"excerpt":"Six of the ten Australian postcodes determined to have the highest levels of five dangerous air pollutants have something in common - coal power plants within their boundaries. Analysis by the Australian Conservation Foundation (ACF) looked at levels of the following pollutants: coarse particles (PM10) - can negatively affect the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal power air pollution - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/coal-pollutants-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/coal-pollutants-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/coal-pollutants-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/coal-pollutants-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/coal-pollutants-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=30987"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30987\/revisions"}],"predecessor-version":[{"id":30990,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30987\/revisions\/30990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/30988"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=30987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=30987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=30987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}