More coal plants will deepen instead of cut poverty, caution researchers
London
BUILDING just a third of planned new coal-fired power plants around the world would push hundreds of millions of people into poverty as it accelerates climate change past an agreed limit of two degrees Celsius of warming, development researchers warn.
As pressure builds to phase out coal as a power source in favour of cleaner renewable energy, the coal industry has fought back, arguing that coal is the cheapest and most reliable way to bring power to millions without it. In particular, "clean coal" technology offers emissions 25 to 40 per cent lower than traditional coal plants, industry officials say.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion