Coal in 'Freefall' Worldwide, Report Finds

The coal industry is in “freefall” worldwide, the latest annual survey from environmental groups Sierra Club, Greenpeace, and CoalSwarm finds.

“The staggering uptick in clean energy and reduction in the new coal plant pipeline is even more proof that coal isn’t just bad for public health and the environment—it’s bad for the bottom line,” said Nicole Ghio, senior campaigner for the Sierra Club’s International Climate and Energy Campaign, in a statement. “Markets are demanding clean energy, and no amount of rhetoric from [President] Donald Trump will be able to stop the fall of coal in the U.S. and across the globe.”

The report (pdf) published Wednesday examined proposed and existing coal projects around the globe, discovering a huge drop “in all stages of coal plant development, including pre-construction planning, construction starts, and in-progress construction.”

According to the survey, new construction and coal plant permits in China and India have sharply dropped off, while aging coal plants were retired across the U.S. and Europe. (The U.S. saw its 250th coal plant retirement on Monday.)

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