Coal Squeezed Out By Environmental Regulations
Posted on Jun 11, 2014 in Climate Change, Environmental, Financing, Legislative & Politics, Rates, Regulation & Policy | Comments Off on Coal Squeezed Out By Environmental Regulations
New environmental regulations and coal plant retirements will affect the nation’s energy mix by 2015, according to a government report. Coal consumption is projected to drop by 3.1 percent in 2015, despite the demand for coal power during the coldest parts of last winter. The U.S. Energy Information Administration estimates coal plant operators will shut down 60 GW of capacity by 2020, with 90 percent of that occurring by 2016. Coal accounts for about 40 percent of the current U.S. electricity supply. For more information, including cost implications, click here.
