In today’s EGEB:
New York state is on track to close its last remaining coal-fired power plants by the end of 2020 after adopting final regulations that require state power plants to meet new, stricter CO2 emissions limits.
Another tipping point in energy seems to be on the horizon, as renewable energy in the US is expected to surpass coal in electricity generation for the first time this month.
Constructing new wind and solar projects would be less expensive than continuing to run 74 percent of existing U.S. coal plants, according to a new study. That number jumps to 86 percent of coal plants by 2025.
As of late, the idea of getting rid of coal in their own national electricity grid has become a popular one among several major nations across the world. At 6 least major countries, including Canada, France, Germany, the Netherlands, Austria and now Finland, have all recently announced the imminent phase-out of all coal-fired power plants.
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Now that Tesla is venturing further into the energy industry by ramping up its energy storage division, ‘Tesla Energy’, and with solar through its proposed merger with SolarCity, the company is not just causing serious concern to established automakers and big oil, but also traditional energy companies like coal mining corporations.
This morning it became clear that Tesla is not welcomed by those companies either when Robert Murray, a climate-change denier and CEO of Murray Energy Corporation, one of the biggest coal mining firms in the US, called Tesla a “fraud” for receiving subsidies without turning a profit.
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