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Michael Bloomberg Pledges $500M to Shut Coal Plants

Michael Bloomberg Pledges $500M to Shut Coal Plants

Former New York Mayor Michael Bloomberg pledged in a graduation speech at MIT late last week to spend $500m on a campaign focused on persuading state and local governments to speed the closure of the 241 remaining coal-fired power plants in the U.S. and to end the growth of plants that run on natural gas. Blocking natural gas from filling in behind coal will be especially difficult, and Axios’ Amy Harder reported that it was “the fastest-growing energy source last year —accounting for 45% of all such growth — with most regions and many industries turning to the fuel as a cleaner alternative to coal and oil.”

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Plunging Battery Prices Will Drive EV Price Parity Within a Decade

Plunging Battery Prices Will Drive EV Price Parity Within a Decade

The rapid decline in battery prices for electric vehicles will make them far more affordable in the near term, and as a result, the age of gas-powered vehicles may end sooner than experts previously thought, according to a new report from Bloomberg NEF. In the annual Bloomberg outlook on electric vehicles, they predict that by […]

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