The $428 Million Investment Bringing Clean Energy Projects to Coal Communities

According to a 2016 report, reaching the global decarbonization targets ratified in the Paris Climate Agreement will require the world to quit coal completely by 2050. But that’s not all – rich nations will have to phase out the dirtiest fossil fuel by 2030, and China by 2040, in order to stay on a cost-effective and feasible pathway to keep global warming below 2°C.

“There are also plenty of traditional economy roles that can quite easily transition to green jobs, such as from construction, electrical work and engineering,” the Wall Street Journal reported based on insights from Kenneth Gillingham, economics professor at the Yale School of the Environment. The United States government is aiming to take advantage of that overlap in a new initiative funneling $428 million toward 14 domestic clean energy projects in 15 coal communities across the country.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Floyd Mayweather reveals best-ever $750,000 investment which has seen him pocket over $750 million in...Floyd Mayweather spent $750,000 which saw his wealth rocket into a new stratosphere.The boxing legend has left a legacy like no other in the boxing ri
Source: talkSPORT - 🏆 91. / 53 Read more »

Lisburn healthcare company Cirdan eyes global expansion with £7.5M fundingInvestment management company 57 Stars has provided £5 million and the Investment Fund for Northern Ireland has provided £2.5 million
Source: BelfastLive - 🏆 16. / 77 Read more »

Coatbridge MP Frank McNally calls for more Scottish Ambulance Service investmentThe politician met with local ambulance crews and union representatives to hear first-hand about the challenges faced by frontline workers in delivering lifesaving care under significant pressure.
Source: Daily_Record - 🏆 9. / 89 Read more »