Michael Bloomberg Commits $64 Million to War on Coal

 

Former New York Mayor Michael Bloomberg announced yesterday he is contributing $64 million towards the fight against coal power plants. The Sierra Club, along with other environmental groups, will benefit from the donation.

According to bloomberg.com, the new funds are intended to support groups working with mayors, governors, utility regulators and private sector leaders to “develop, implement and strengthen policies” that make it easier for solar and wind power to compete, according to a news release. The effort is aimed at closing 60% of the nation’s coal-fired power plants by the end of 2020.

The Sierra Club’s Beyond Coal campaign has helped drive the closing or announced retirement of 259 U.S. coal plants since the effort began in 2010. The initiative has aided in galvanizing grassroots opposition to coal-fired power, and has worked out settlements with state regulators and utility owners to shutter the plants.

The move by Bloomberg comes on the heels of the Trump administration’s announcement that it will begin an appeal of Obama-era curbs on greenhouse gas emissions from coal power plants. The administration announced Tuesday that it wants to repeal the previous administration’s prized environmental policy: the Clean Power Plan, which mandates 32% cuts in CO2 emissions by 2030. That effort could begin as early as this week.

Bloomberg has long been a proponent of energy and environmental initiatives. During his mayoral departure in 2014, he issued a challenge to the owners of multifamily buildings to reduce energy use. While in office, his policies focused on one of the most effective ways a city can reduce its carbon pollution: tackling its buildings. In most cities, energy used in buildings is the largest source of greenhouse gas emissions; in New York City, buildings are responsible for nearly 75% of emissions. Multifamily buildings make up the largest chunk of the city’s building stock: 76% of the total number of buildings; 65% of gross floor area; 50% of the energy used; 55% of greenhouse gas emissions.

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3 thoughts on “Michael Bloomberg Commits $64 Million to War on Coal

  1. While renewables are an absolute necessity, the current effort to replace coal with precious natural gas will be a disaster. Even the glitzy Exxon ads admit that we will be running out of natural gas by 2040. Since mankind will always need a source of hydrocarbons, and coal is the largest source on earth we need to start the ‘clean coal’ effort now in addition to renewables.

  2. ” Clean Coal” is Fossil energy industry hogwash. ‘Taint no such thing. 100% renewables, or you can kiss civilization as we know it, goodbye. California and Puerto Rico are not enough to convince you of this?

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