2 ms·
> The cost of running existing coal plants has exceeded the cost of building new solar & wind power plants. Over the next few years, demand for coal is likely t
by khawkins 7y ago
> The cost of running existing coal plants has exceeded the cost of building new solar & wind power plants. Over the next few years, demand for coal is likely to implode.
That article cites a report written by climate change activists who want coal to be banned as fast as possible. If their fantasy were a reality, market forces would achieve their goals without intervention. Naturally, they're going to argue that government intervention is necessary to speed things along.
Federal reports suggest coal will decline slightly over the next several years, but won't disappear. Some forms of renewables are competitive with coal (onshore wind, hydro, geothermal), but they cannot be used everywhere. Solar and offshore wind are still not competitive with coal, nuclear, or natural gas.
[1] https://www.eia.gov/outlooks/aeo/pdf/aeo2019.pdf https://www.eia.gov/outlooks/aeo/pdf/aeo2019.pdf
[2] https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#United_States https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#...