"No one's actually making money from coal-fired power plants in the United States right now," said David Crane at WRI's MindShare event. That may seem a strange sentiment coming from a man who led NRG Energy, one of America's biggest power companies, but Crane is far from the typical energy exec.
Hard economic times have prompted West Virginia to look toward a future that depends less on coal and more on renewable energy, a higher-technology job market and even a price on climate-warming carbon dioxide.
While coal miners have been the backbone of West Virginia's economy for decades, the industry is declining. New WRI research shows that a carbon price could provide billions of dollars a year for coal communities in West Virginia and other states, while also curbing air pollution and climate change.
Today, the U.S. Supreme Court temporarily halted implementation of the Clean Power Plan, as an appeals court considers an expedited legal challenge from states, corporations and industry groups. The ruling is not based on the merits of the plan, which will be heard in court later this year.
Coal production and power generation has driven Ningxia’s economy over the past decade. However, as an extremely thirsty industry, coal has put more stress on the area’s water supply and heightened competition with other users, including farms and households. A WRI working paper recommends developing a coordinated system to ensure sustainable development of water and economy in Ningxia.
A new data visualization reveals that only 10 states are responsible for nearly 50 percent of U.S. greenhouse gas emissions.
The EPA will soon release emissions standards for existing power plants, the single-largest source of U.S. greenhouse gas emissions.
Coverage of Japan’s coal funding has sparked an important debate about the role of international climate finance in facilitating the transition to a low-carbon economy.