Michael Bloomberg expands ‘war on coal’ project to Europe with $50 million contribution

On Thursday, UN special envoy on environment modification and philanthropist Michael Bloomberg announced a $50 million fund to extend the fight against coal to Europe.Michael Bloomberg has actually invested

more than $164 million to combat coal in the United States because 2010, especially through Sierra Club’s Beyond Coal Campaign.His most current commitment came this October with the statement of his

biggest, up until now, donation of$64 million in the wake of United States federal policies to restore the coal industry.The European project will be administered by the European Environment Structure, which

is led by Laurence Tubiana, France’s climate modification ambassador throughout the COP21 negotiations in Paris.Mrs. Tubiana commented: “Europe still relies considerably on coal for power generation, however the fast speed of development in

low-cost renewables uses an excellent chance “.”Together with Bloomberg Philanthropies, we can help alter the course of history and drive Europe’s shift to a cleaner, healthier and more flourishing future “. Michael Bloomberg told The Guardian:”Coal is the single greatest polluter. If you could simply change coal with other fuel, you would make an enormous distinction in

the outlook for climate change “. His commitment to ending the usage of coal worldwide comes not only by arguing that it is amongst the fossil fuel with the greatest worldwide warming potential (GWP), but also due to air contamination and health threats related to the combustion of coal.”If you live downstream of a coal-fired power plant your life span is considerably shorter. This effort will help to speed progress and save many lives”, he said.Michael Bloomberg also exposed that he aspires to broaden the project against coal to Asia and that he is currently seeking for partners to proceed.Coal comprises the most significant share of the region’s energy mix and is predicted to continue to be in spite of concerns over air pollution and environment change.On the argument that coal-fired plants constitute the most economical and quickest way to power communities without access to electricity, Mr. Bloomberg commented:

“Number one, it is not the cheapest or quickest, and number 2, how lots of people are you going to kill [with air contamination]

?”. Claire Perry, UK Environment Modification Minister invited the brand-new European project against coal by mentioning that the UK was”one of the first countries on the planet to devote to phasing out unabated coal-fired power generation by 2025 and we motivate other countries to follow our lead”. Jonathan Marshall, Energy Analyst at UK’s Energy and Climate Intelligence System cautioned that it will be hard to accelerate development against coal in places such as Germany, Poland, and Turkey.