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
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows