Market forces pushing coal off the grid in the U.S.

first_img FacebookTwitterLinkedInEmailPrint分享CNN:President Donald Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA.In the face of those efforts to rescue coal country, America’s aging fleet of coal-fired power plants continues to shrink. New coal plants are not getting built.Trump’s vow to rip up environmental rules has been overwhelmed by an even more powerful force: the free market. Coal just can’t keep up with dirt-cheap natural gas and increasingly affordable renewables.“It’s hard to see any scenario where coal rebounds,” said Joe Aldina, manager of coal research at S&P Global Platts Analytics.Approximately 15% of America’s coal fleet has been retired since 2017, the year Trump took office, according to Platts. And that trend will probably continue. Platts expects another 10% of the coal fleet will be shuttered between 2019 and 2020. That translates to more than 100 coal-fired units at power plants.“Coal is going to get phased out over the long term,” Aldina said.More: The market has spoken: Coal is dying Market forces pushing coal off the grid in the U.S.last_img

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