Coal-fired power plants are the planet's largest, dirtiest source of electricity and its top source of climate-changing carbon emissions. Yet, despite the efforts of businesses and governments around the world who are trying to reduce CO2 emissions, coal power plants are experiencing a resurgence. More than 150 new coal plants are in various stages of development across the U.S. at a price tag of $125 billion.
Coal is also a leading cause of poor air quality and respiratory illnesses like asthma. Before this polluting technology is locked in for the next 50 years, Rainforest Action Network is calling for a moratorium on the construction of new coal-fired power plants.
By investing in energy efficiency and renewable energy sources such as solar and wind power, we can meet our energy needs, grow the economy, create jobs, improve public health and air quality, and stop global warming. RAN is demanding that Wall Street's top banks stop funding new coal development and instead enact comprehensive financial policies that address climate change.
