Coal producers can’t keep up. Coal used to be the cheapest form of energy, but that was before cheap renewable technology and more efficient gas plants came along. What’s more is that there are social, health, and environmental costs to using coal that makes it hard to argue for.
The future of coal is not looking good, which means that the future health of our planet is looking good. Despite the subsidies coal industries get around the world the end of their profits is nigh. Renewable energy is here to stay and it’s only getting more competitive.
But even without the CPP, coal already can’t compete with other energy sources in most of the country when it comes to building new power plants, suggests a new computer model from researchers at the University of Texas (UT) in Austin.
The work is part of a broader initiative at the institute, aimed at tallying all the costs that come with keeping the lights on, from environmental impacts to building transmission lines or responding to regulations. Snazzy online calculators and mapping tools that accompany the new model enable users to tweak a number of variables, including gas prices and environmental costs, and see how the nation’s energy future might change, at the level of individual counties.
Thanks to Stephanie!