Commonwealth Policy Center

Former New York Mayor Michael Bloomberg is on a mission to make America green. He pledged $500 million to the Beyond Carbon initiative and their goal is to “phase out every last U.S. coal-fired power plant by 2030.” The group plans to pass laws that promotes renewable energy. They’ll also be politically involved by helping “green” candidates get elected to state and local offices. Bloomberg is credited with shutting down 289 coal-fired plants since 2011. Coal consumption is declining in the U.S. but we’re still very dependent upon it for electricity. Currently, about 75 percent of Kentucky’s electricity comes from coal-fired plants. Of course, it’s a good thing to secure cleaner energy sources. But at what cost? We forget that coal has efficiently powered our nation and increased the standard of living for everyone.