In a new study, University of Michigan researchers accounted for both climate and GDP when looking at total emissions from each country. The addition of climate considerations led to surprising results, researchers Michael Sivak and Brandon Schoettle recently explained in American Scientist.
The coal-fired power industry in the U.S. is facing the biggest plunge in asset values in a decade, risking billions of dollars in pollution-control spending by utilities such as Exelon Corp. (EXC) and American Electric Power Co. (AEP). An indication of how much new emissions rules and cheaper natural gas have hammered the value of coal-burning generation will come when Exelon announces the results of the first big sale of U.S. coal-fired power plants in four years.
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