The United States has made huge strides as properly. In the final decade, 60% of US coal plants
have closed, and coal’s share of US electricity generation
fell from 46% in 2010 to an estimated 20% in 2019. Coal plant closures have continued to speed up as a result of economics clearly favor clear vitality, and the general public more and more calls for energy sources that do not poison our air and threaten our well being. President Biden has additionally indicated that he intends to finish abroad improvement assist for fossil fuel projects
But extra can and have to be achieved.
Other international locations, similar to China, proceed to finance many coal projects
abroad. To persuade them to cease, the EU and the United States should lead by instance. Together, they will present extra help to areas in Africa and Latin America, which might allow international locations there to leapfrog over outdated fossil gas tasks and use clear energy to deliver common entry to electrical energy as a substitute.
The EU and the United States also needs to present extra help for communities and regional economies that depend upon jobs in fossil gas industries, specifically coal, and are attempting to transition staff into new industries and roles. The EU’s Just Transition Fund
is working to try this in member states and in coal areas past its borders within the Western Balkans and Ukraine
. Bloomberg Philanthropies equally has supported work in coal regions
within the EU and within the United States, together with job coaching and offering alternatives in clear vitality industries. The extra we do to assist coal areas, the much less communities will undergo, and the extra political help there will be to step away from coal towards a thriving inexperienced enterprise mannequin.
Making the transition to a inexperienced economic system will require main new investments, but it surely will additionally result in extra new jobs, higher well being and stronger, extra sustainable financial progress. On the opposite hand, the prices of non-action, usually ignored, are a lot greater: Continued reliance on coal will result in extra poisonous air pollution, extra dying and illness, extra extinction and biodiversity loss, extra financial harm from excessive and unpredictable climate and extra misplaced floor within the combat in opposition to the local weather disaster. To cease such catastrophic outcomes, and to enhance individuals’s well being and well-being, it is crucial that the EU and US lead a united entrance in shifting the world past coal — not for the sake of the planet, however for the sake of humanity.