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June 8, 2019 02:10 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/aKjIk1QYuJo/bloomberg-to-put-500-million-into-closing-all-remaining-coal-plants-by-2030
Bloomberg To Put $500 Million Into Closing All Remaining Coal Plants By 2030
In what marks the largest ever philanthropic effort to combat climate change, former New York City Mayor Michael Bloomberg is pledging $500 million to close all of the nation's remaining coal plants by 2030 and put the United States on track toward a 100% clean energy economy. The New York Times reports: The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change. "We're in a race against time with climate change, and yet there is virtually no hope of bold federal action on this issue for at least another two years," Mr. Bloomberg said in a statement before the announcement, which he made in a commencement address at the Massachusetts Institute of Technology. "Mother Nature is not waiting on our political calendar, and neither can we." A spokesman for Mr. Bloomberg said most of the money would be spent over the next three years, though the time frame could be extended. It will fund lobbying efforts by environmental groups -- in state legislatures, City Councils and public utility commissions -- that aim to close coal plants and replace them with wind, solar and other renewable power. Part of the cash also will go toward efforts to elect local lawmakers who prioritize clean energy. The campaign will be based on the need to avoid the most dangerous effects of climate change, but will also emphasize the economic benefits of switching to clean energy.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/aKjIk1QYuJo/bloomberg-to-put-500-million-into-closing-all-remaining-coal-plants-by-2030
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