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Coal power glut puts $US1 trillion investment at risk

2016-03-30 13:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: The equivalent of 1500 coal-fired power stations are being developed worldwide despite the declining use of electricity generated from coal, pointing to a potential waste of capital of almost $US1 trillion, according to a report funded by three anti-fossil fuel groups. The startling figures from the study carried out for CoalSwarm, Sierra Club and Greenpeace. They are to be released on Wednesday as local environmentalists ramp up their lobbying amid concern the Indian government will press for...

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Category:Electronics and Electrical

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