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Source: Bloomberg

 

Regardless of the energy and climate policies enacted by President-elect Donald Trump, the United States will continue to move forward in transitioning from coal to renewables. Trump can’t tell producers which power generation technologies to buy, and right now coal is losing that battle. Most observers also expect Trump to scrap the Environmental Protection Agency’s Clean Power Plan, but although that may keep more coal plants operating longer than under the CPP, it won’t bring the coal industry back to economic health. Even without the CPP, about 60 gigawatts of coal-fired generating capacity will probably be retired by 2030, while at the same time, renewable capacity is expected to grow more than 4 percent a year until 2040, according to the U.S. Energy Information Administration.

– via Bloomberg Gadfly / Chris Bryant

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