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05/14/2018

Posted by: Windfair Editors

'War on Coal' Didn't Kill Coal

Image: CU Boulder

A new economic analysis from CU Boulder and North Carolina State University states that the expansion of natural gas and wind energy lead to the downfall of the U.S. coal industry.

Official Press Release University of Colorado Boulder:

Natural gas and wind energy killed coal, not 'war on coal'

Cheap natural gas prices and the increasing availability of wind energy are pummeling the coal industry more than regulation, according to a new economic analysis from CU Boulder and North Carolina State University.

Co-lead author Daniel Kaffine, CU Boulder associate professor in economics, looked at natural gas, wind and coal-fired power generation across 20 U.S. states from 2008 to 2013 in the study, which was published in the American Economic Journal this month. The study found a “significant” link between plummeting natural gas prices, increased wind generation capability and the drop-off in U.S. coal burning. “While either factor in isolation would have cut into coal’s share of the market, the combination of the two... ... More: Official Press Release University of Colorado Boulder