Michael Bloomberg Pledges $64 Million for Anti-Coal, Pro-Renewables Initiatives

Former New York City Mayor Michael Bloomberg has committed $64 million to backing environmental groups trying to shut down coal-fired power plants and replace them with electricity generation from cleaner, renewable sources.
Michael Bloomberg Pledges $64 Million for Anti-Coal, Pro-Renewables Initiatives

The billionaire media mogul unveiled his plans at the Washington, D.C. office of the Sierra Club.

His announcement comes a day after the Trump administration started the process of rolling back former President Barack Obama's Clean Power Plan, which had been a key part of the U.S. commitment to reduce greenhouse gas emissions as part of the Paris climate agreement.

“The war on coal is a fight for America’s health, for our economy and our environment, and our competitive place in the world," Bloomberg said. "And it’s a fight we’re going to win, no matter what anybody in Washington says.”

He added: “This is to save American lives and save the American economy. This is our future, and going in the wrong direction is just needlessly inflicting pain on all of us, and it has to stop.”

The funding includes $30 million to support the Sierra Club's Beyond Coal campaign through 2020 as well as funding for other groups like the League of Conservation Voters to help speed the transition to clean energy sources on the state and local level.

“These are the groups that are fighting the war on coal, and it’s happening all across America,” Bloomberg said.

The money will be distributed through his Bloomberg Philanthropies organization.

Bloomberg has been the main funder of the Beyond Coal campaign since it launched in 2011. His $30 million commitment is in addition to more than $100 million he has dedicated for the anti-coal project in the last six years.

The Sierra Club said that since it launched the program 259 coal-fired plants -- about half the U.S. total -- have shut down or committed to do so.

The group claims that the closures have reduced deaths related to coal pollution by 42 percent.

Bloomberg said his donation is intended to counter Trump’s pro-coal policies, including  his doing away with the Clean Power Plan.

When President Obama introduced the plan in 2015, he said he wanted to reduce coal’s market share for electricity generation from 30 percent to 27 percent by 2030, and emissions from coal-fired plants by 32 percent.

But critics claimed the rules would hurt the already struggling coal industry and cost states like Kentucky and West Virginia, and successfully stymied the plan's implementation.

In August 2016, a Washington, D.C. appeals court enjoined federal agencies from enforcing the plan until various legal challenges to it could work their way through the courts.

Bloomberg said Wednesday that repealing the plan is a mistake, but "the truth of the matter is we’re already making great progress limiting carbon pollution from power plants, and we’re going to continue, keep doing it, without leadership from Washington."

He noted his collaboration with California Governor Jerry Brown on a state-based effort to meet targets in the Paris agreement with or without formal support from the Trump administration.

Later he said, "Whether you believe what scientists tell us about climate change or not, there's no debating that coal pollution is terrible for our health."

For additional information:

The Sierra Club

Bloomberg Philanthropies



Add a comment
Dr. Pruthvi Raj Avadhuta.
Ocean wave Energy. 1. Availability factor, for Ocean Wave Energy is over 90%.Availability factor, for Wind Energy and Solar Energy is,just 20% to30% only. 2. Regarding ocean wave energy, one estimate puts that with swells of 9 feet, there is the energy of 755MWs per Sq.Mile and with swells of 5 feet there is the energy of 242MWs per Sq.Mile. Ocean Wave Energy in an area of 10Miles X10Miles of the ocean, could meet the entire Power needs of California State— (From Wave Power Video by Ocean Power Technologies). 3. Water moving at 8 knots has the same energy as Wind blowing at 217knots. Water molecules in Ocean Waves,Oscillate at speeds greater than 8 knots. 4. Wind energy units are shut down when wind speeds exceed 90Kms per hour. However, Ocean wave energy Turbines can withstand and take all the energy of the ocean waves 5. Winds are intermittent and unpredictable and off shore Winds are just 20% stronger than inlands. On the other hand, Ocean Wave Energy is continuous and predictable. 6. Compressibility ratio between sea water and air is 1:832.Wave energy turbines in few meters of the Ocean Waves,could equal wind energy turbine of 80 meters or more. 7. With wind energy, small single generators of up to 6.3MWS (GE) only, can be run. With Ocean Wave Energy, Large single generators of up to 100MWS or more, can be run, from the energy obtained in a few square miles of the Ocean. 8. With depths of over 10 meters, Ocean Wave Energy may be 3 to 8 times of what we see near the shore. Ocean Wave energy may vary slightly in intensity, from wave to wave, but it is fairly constant and the periodicity of the waves in any given duration of time (normally about 6to8waves a minute), is also fairly constant. This Energy is available 24hours a day and 365days a year and can be tapped right from our shores. Some Facts About coal based Thermal Power Generation. 12,000MWs, i.e. three coal based Ultra Megawatt Projects of 4000MWs each, give out 100million tons of CO2 annually, apart from fly ash, radioactive material, Sulphur-di-oxide, Nitrous oxide, Carbon-monoxide and other Green house gases, which cause acid rains. In addition to all this, 24,000MWs to 30,000MWs of heat is given out directly into the atmosphere, thus contributing to Global Warming. American statistics show that coal based Thermal Power Stations kill about 25,000 people a year, through soot in the air. In India where the population density is more, no figures are available Ocean wave Power Generation Compared to Coal based Thermal Power Generation Only Installation costs. No Land acquisition for the Construction of the Project. No Fuel costs. No Transportation costs. No Internal Power Consumption of 9% to 18% in the Plant. to run auxiliary machinary. No Pollution. No Global Warming. No Radio-active fall-out. No Fuel Stocks needed. No fear of accidental Fuel Burn-out. No carbon-monoxide poisoning. No Effluents. No Land destruction. No Health Hazards. No Gestation Period. Power Generation starts from the very first unit and the life time could be over 100 years. Please see the videos for Power Generation with Ocean Waves at: 1). 2). 3) These Videos were put up a few years back and my understanding of the Ocean Wave Energy was different at that time. In my first video, I have commented that Ocean Wave Energy is 100KWs per meter wave crest length, which may be seen only at very few locations, the world over. Please see, the Website Ocean Wave Energy is highly Concentrated. It is said that an area of 10 miles X 10 miles of the Ocean surface, has enough energy to Power the entire State of California----- about 60,000 Mega Watts.