New legislation proposed in Congress calls on the United States to transition off all fossil fuels by 2050. The 100×50 Act would impose new federal mandates requiring vehicles in the United States to release zero carbon emissions, while barring federal approval of oil and gas pipelines in the country. It would also establish an auction of “climate bonds” that would raise money to support renewable energy projects and provide job retraining for those in coal communities to work in the renewable energy sector. Introduced by Sens. Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.) and Edward J. Markey (D-Mass.), the legislation is as much about spurring action on the state and local level since fossil fuel-friendly Trump administration policies do not favor clean energy development.
- World abandoning coal-fired electricity
- “It’s purely economic. The plant guys tried everything they could to keep it open, but it was a money loser. In a competitive market, you’ve got to take these steps. This is a coal plant operating in a market that’s flooded with cheap natural gas.”
- Economics, not regs., are waging a war on coal
- Xcel Energy to retire coal-fired plants, increase renewables
- Coal-fired power plant jobs continue to fade
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