The coal industry is in “freefall” worldwide according to the latest annual survey from environmental groups Sierra Club, Greenpeace, and CoalSwarm. According to the survey, new construction and coal plant permits in China and India have sharply dropped off, while aging coal plants were retired across the U.S. and Europe. (The U.S. saw its 250th coal plant retirement on Monday.) The decline of coal has been felt for decades in places like rural West Virginia, and while Trump campaigned on a promise to revive the industry, the survey shows that its decline may be inevitable—while the market share of renewable energy, and potential for sustainable jobs in that sector, continues to rise.
Continue reading... →In a big win for renewable energy, the cost of solar and wind power has plummeted in recent years, making it the same price as traditional fossil fuels in about 30 countries, according to a new report from the World Economic Forum (WEF). The cost of solar energy has dropped 80% since 2009, and wind energy has dropped by 30% in the last three years. This shift means more countries have reached “grid parity” — where the cost of fossil fuels and renewable energy are the same.
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