On the decline of the coal industry

Standard

“ In the US, coal has been crowded out in power generation by cheaper, cleaner gas from the fracking boom and even US coal executives believe Donald Trump’s promise to bring back jobs in the industry cannot succeed. Coal consumption has now been declining for three years in China, as its economic boom and output has tailed off in energy-intensive sectors such as iron, steel and cement (…) Coal has also been squeezed globally in recent years by the rapid growth of renewable power generation, which BP found had continued apace last year. Wind, solar and and other renewable power sources grew faster than any other fuel at more than 14% in 2016, slightly below the 10-year average ”

Adam Vaughan, ‘Global demand for coal falls in 2016 for second year in a row’, The Guardian

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s