solera ebiker wrote: ↑
Dec 08 2017 1:40pm
. . . WV coal mines are reopening and miners are going back to work for a good wage. The greenies are on the run. All the windmills and solar panels don't mount to nothing.
Another hapless victim of fake news. You really should check your facts before posting; it avoids embarrassing errors like the one above.
U.S. Coal Industry Shows No Sign of Comeback
Despite Trump's promises to revive the industry, the global market is evaporating.
By Shelley Goldberg
November 24, 2017, 4:00 AM PST
President Donald Trump has made clear his intention of “bringing back coal.” He has rolled back environmental regulations and moved to repeal the previous administration's curbs on carbon emissions from power plants. Last week, adhering to a British-Canadian initiative presented at the 2017 United Nations climate change talks in Bonn, about 20 nations and regions (expected to grow to 50 by 2018) pledged to cease using coal as fuel for power generation starting in 2030. The U.S. and Germany refused to sign the accord, though talks regarding Germany’s decision will resume in Berlin.
Despite Trump’s rhetoric, the U.S. coal industry continues to shrink, mostly because of issues surrounding the fuel's environmental ramifications, along with an aging industry infrastructure and a greater focus on renewable energy. Solar and wind are the fastest-growing U.S. sources of electricity.
Further proof of the coal market’s demise is evident in its lackluster financial markets, specifically, trading volumes and open interest on futures and options. These instruments are used as hedges by producers and consumers, and as investment and trading instruments for investors, speculators, indices, exchange-traded products, known as ETPs, and hedge funds. But lack of liquidity hurts market participants, making coal trading a challenging prospect. And the markets are not necessarily signaling that coal is an easy short, particularly when supply may not meet demand in certain regions.
Solar power is fastest-growing source of new energy
Renewables accounted for two-thirds of new power added to world’s grids last year, says International Energy Agency
The US is still the second fastest-growing market for renewables despite Donald Trump’s pledge to revive coal. Photograph: Mark
Wednesday 4 October 2017
Solar power was the fastest-growing source of new energy worldwide last year, outstripping the growth in all other forms of power generation for the first time and leading experts to hail a “new era”.
Renewable energy accounted for two-thirds of new power added to the world’s grids in 2016, the International Energy Agency said, but the group found solar was the technology that shone brightest.
New solar capacity even overtook the net growth in coal
, previously the biggest new source of power generation.