Michael Bloomberg announced this week an additional $500 million commitment to end coal-fired generation in the U.S., block all new natural gas plants, and slash gas plant capacity by half by the end of the decade.
“Today marks a new chapter in the Beyond Carbon campaign, as we move to finish the job,” Bloomberg, who is also founder of Bloomberg LP and Bloomberg Philanthropies, said in the statement announcing the latest $500-million pledge.
In the Beyond Carbon campaign, shutting down all coal-fired power plants by 2030 seems like the most feasible pledge. “With 372 of 530 coal plants announced to retire or closed to date – more than 70 percent of the country’s coal fleet – this next phase will shut down every last U.S. coal plant,” Bloomberg Philanthropies said.
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