Nearly half of the coal industry is still on an expansion course in 'reckless’ mining rush

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis.

become more and more dire from one UN Climate Summit to the next, our data regarding companies' transition plans remains depressingly consistent," Schuecking said.

Today, there are more than 6,500 coal plant units globally with a combined capacity of 2,067 gigawatts.was signed, the global coal plant fleet had seen a net increase of roughly 157 gigawatts. That's the equivalent of Germany, Russia, Japan and Poland's coal fleet added up together. "Stopping investing in or financing coal developers, that should be a no-brainer. I just don't see how anyone can be serious about the Paris goals or be an institution that takes climate seriously if you're still involved with coal developers," Schuecking said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They told you working at cnbc was temporary till something opened up at msnbc huh?

Business Business Latest News, Business Business Headlines