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Tuesday, March 26th, 2019

More bad news for coal: Wind and solar are getting cheaper

Author:     Matt Egan
Source:     CNN
Publication Date:     8:51 AM ET, Mon March 25, 2019
Link: More bad news for coal: Wind and solar are getting cheaper
Stephan:   In spite of everything the Trump administration, the Kochs, and the coal barons have tried to keep the coal industry alive, coal is doomed, as it oil. As you read this I think it is important to see this story in context. Coal and oil are just different places on the same spectrum. Because coal is the dirtiest it's going first, but oil will follow. I see this as excellent good news.

NEW YORK, NEW YORK — The simple laws of economics threaten to doom America’s remaining coal power plants.

Wind and solar costs have plunged so rapidly that 74% of the US coal fleet could be phased out for renewable energy — and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank.
That figure of at-risk coal plants in the United States rises to 86% by 2025 as solar and wind costs continue to plunge.
The research demonstrates how it’s increasingly more expensive to operate existing coal plants than build clean energy alternatives.
“US coal plants are in more danger than ever before,” Mike O’Boyle, director of electricity policy at Energy Innovation, told CNN Business. “Nearly three-quarters of US coal plants are already ‘zombie coal,’ or the walking dead.”
That’s despite President Donald Trump’s promise to revive the beleaguered coal industry. Trump declared the end of the […]

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