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.

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