May 4, 2018
Natural gas prices, not ‘war on coal,’ were key to coal power decline
Posted by Bill Kemp in categories: economics, energy
Yes!
New research from North Carolina State University and the University of Colorado Boulder finds that steep declines in the use of coal for power generation over the past decade were caused largely by less expensive natural gas and the availability of wind energy – not by environmental regulations.
“From 2008 to 2013, coal dropped from about 50 percent of U.S. power generation to around 30 percent,” says Harrison Fell, an associate professor of resource economics at NC State and co-lead author of a paper on the work.
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