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USGrants org tracks over $297 million dollars in funding for power generation and energy storage industry in the US

Coal and COVID-19: How pandemic is accelerating the end of fossil power generation

Coal and COVID-19: How pandemic is accelerating the end of fossil power generation ANI | Updated: Feb 08, 2021 18:57 IST Potsdam [Germany], February 8 (ANI): COVID-19 has not only caused a temporary drop in global CO2 emissions, but it has also reduced the share of power generated by burning coal - a trend that could, in fact, outlast the pandemic. This is the key result of a new study by a team of economists based in Potsdam and Berlin that looked at COVID-19 s impact on the energy system and demand for electricity. Their findings show that the pandemic while putting a terrible toll on people s lives and the economy, has also opened a window of opportunity to make this current trend of decreasing coal use irreversible: Supported by the right climate policy measures, power sector emissions could decline more rapidly than previously thought.

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