• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy US commits to shutting down its coal plants during COP28
Economy

US commits to shutting down its coal plants during COP28

by December 3, 2023
by December 3, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The Biden Administration is forging ahead with its green agenda by committing the United States to not building any new coal plants and phasing out existing plants.

U.S. Special Envoy for Climate John Kerry announced at the annual United Nations climate change summit, known as COP28 and which is being held in Dubai, although no date was given for when the existing plants would have to go.

‘We will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities,’ Kerry said in a statement. 

‘The first step is to stop making the problem worse: stop building new unabated coal power plants.’

Kerry said America was joining the Powering Past Coal Alliance, a pact of nearly 60 countries that have promised to accelerate the phasing out of coal-fired power stations, except the very few that have carbon capture and storage.

Kerry said the action forms part of America’s plan to limit global warming to 1.5 Celsius.

As of October, just under 20% of the U.S. electricity is powered by coal, according to the Department of Energy. The amount of coal burned in the United States last year was less than half what it was in 2008.

Last month President Biden said that coal plants ‘all across America’ will be shut down, to be replaced with wind and solar.

A move to close down coal plants in the U.S. is already underway as federal clean energy tax credits and regulations make it harder for operators to compete economically.

A report by the nonpartisan Institute for Energy Economics and Finance Analysis found that 173 coal plants are set to close by 2030 and another 54 by 2040.

For instance, Brandon Shores coal power plant located outside of Baltimore, is expected to be deactivated in June 2025 as part of a settlement between the plant’s operator and the left-wing eco group Sierra Club. The plant has a capacity of 1,295 megawatts, enough to power more than a million homes.

According to the American Geosciences Institute, burning coal produces more carbon emissions compared to burning any other non-renewable fuel. Coal power can have as much as twice the carbon footprint as natural gas.  

For instance, coal produces about 211 pounds of heat-trapping carbon dioxide per million BTUs of energy produced, compared to natural gas which produces about 117 pounds and gasoline which is about 156 pounds, according to the U.S. Energy Information Administration.

The U.S. commitment comes despite China unleashing a massive expansion of coal power generation last year.

China already accounts for about 27% of total global emissions, according to Rhodium Group, an independent research provider. The nation’s emissions output is equivalent to triple the total of the U.S., which is the world’s second-largest emitter.

Furthermore, global delegates heading to COP 28 were last week circulating a letter calling for the U.S. and other Western nations to immediately ban new natural gas infrastructure projects.

Fox’s Thomas Catenacci and the Associated Press contributed to this report. 

This post appeared first on FOX NEWS
You Might Also Like
  • ‘Shameful’: AOC blasts Biden admin for blocking UN Gaza cease-fire resolution
  • California reparations committee calls for mandatory ‘anti-bias’ training to graduate medical school
  • WATCH: Biden claims without evidence he was at Ground Zero on day after 9/11 attacks
  • GOP senators insist Biden ‘will negotiate’ on debt ceiling, budget reform: ‘Better to start now’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Johnson says vote on Biden impeachment inquiry is ‘necessary step’ after WH ‘stonewalled’ GOP investigations
next post
Santos vows to file ethics complaints against multiple lawmakers hours after expulsion from House

You may also like

Scotland threatens parents who block transition of children with up...

January 17, 2024

2024 GOP candidate faced wrath of Romney after endorsing Trump,...

October 24, 2023

FRONTRUNNER FATIGUE: Americans already weary of 2024 presidential race share...

June 21, 2023

House Republicans ask DEA, CBP to get ‘zombie drug’ off...

January 16, 2023

Mitch McConnell selects Thom Tillis for a Senate Republican leadership...

January 17, 2023

Trump picks up more Senate GOP endorsements

December 12, 2023

Ramaswamy calls for military at US borders to tackle migrant...

July 13, 2023

Missouri Sen. Eric Schmitt calls for investigation into Biden admin’s...

February 4, 2023

Supreme Court prepares for new term by looking back, with...

October 1, 2023

Morning Glory: Name the veep now

January 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,874 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    McCarthy says Trump showing ‘real leadership’...

    July 17, 2024

    Reporter’s Notebook: Embedded with the IDF...

    February 13, 2024

    Vulnerable Democrat senator served as president...

    July 26, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here