Cheap Coal Really, Really Be Dead
We’ve had a few stories on coal’s inevitable and welcome demise recently. Another story from the Sierra Club continues that message.
“Despite what the coal industry would have you believe, the days of cheap, affordable coal fired power are over. That’s the conclusion of the Sierra Club’s most recent report Locked In, which analyzes the wide array of financial risks coal plant investments face. We decided to look into these risks because while the environmental and human health impacts of coal plant investments are increasingly well known, the financial impacts are not. What we found was eye opening – some of the world’s largest coal plants are on theverge of bankruptcy and an emerging ‘Organization of Coal Exporting Countries’ (OCEC) on the rise. As the title of our report suggests, avoiding locking ourselves into this risky environment is tremendously important because social and environmental damages aside – new coal plants are just lousy investments.”
For the full piece, check out: Cheap Coal is Really, Really Dead.
For more, connect with me on Google+ or zacharyshahan.com.
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Latest CleanTechnica.TV Video
CleanTechnica uses affiliate links. See our policy here.
