Despite huge enthusiasm for shifting from fossil fuels to green energy, this transition just isn’t happening. Implementing a significant change in our current trajectory would be prohibitively expensive. A major policy overhaul is needed. …
News Category: Article
Higher Electricity Costs and Coal Retirements
PJM, the largest electric grid operator in the nation,conducts an auction annually to ensure that its 13-state region has sufficient electricgenerating capacity − roughly speaking, enough power plants − to meet its future electricitydemand. The purpose of the recent auction was to procure generating capacity for 2025/26.The most striking thing about the auction was the …
Renewables not cost competitive until mid-century – Glencore
Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. …
PJM power auction results yield sharply higher prices
An annual power market auction by the largest U.S. electrical grid operator resulted in prices more than 800% higher than last year as supply dwindled and demand increased, the operator said on Tuesday. …
India has Pushed Hard for Solar, But as Billions Demand More Power, Coal Provides
Even though India has been significantly increasing its renewable energy capacity in recent years, when demand for electricity surges, it still goes back to its most trusted source of power: coal. …
The “coal hard” facts
It is important that we understand the history of the coal industry and acknowledge its ongoing significance to our county, state, and domestic economies. While the coal industry’s overall impact may not register, a recent study on the industry brings the importance of coal as a foundational resource for our economy to the surface. …
CONSOL Energy Seeks to Educate the Public with Its Not So Fast Campaign
The U.S. and global energy landscapes are undergoing a significant transformation, driven by the urgent need to reduce carbon emissions and transition to renewable energy sources. However, this shift comes with its own set of challenges and misconceptions. In response, CONSOL Energy, one of the largest U.S. coal producers based in Canonsburg, PA, has launched …
Coal likely to remain backbone of country’s energy system for next two decades: Eco Survey
Coal is expected to continue to be the backbone of the Indian energy system for the next two decades and the phase-down of the dry fuel will be heavily dependent on the import of critical minerals required for clean energy and battery storage. …
Reliance on fossil fuels remains virtually unchanged despite trillions for ‘clean energy’
At COP28, the recent United Nations climate change conference in the United Arab Emirates, bureaucrats, politicians and activists from nearly 200 countries gathered to push for a “transition away from fossil fuels” and continue and indeed expedite efforts to achieve a global net-zero “carbon footprint” by 2050. However, despite significant spending on clean energy, the …
The green energy ‘transition’ is simply not happening. Nor will it happen soon, or cheaply
Few energy analysts enjoy the level of global respect accorded to Vaclav Smil, a distinguished professor emeritus at the University of Manitoba and a best-selling author of 47 books. In his latest publication, a 48-page report titled “Halfway Between Kyoto and 2050: Net Zero Carbon Is a Highly Unlikely Outcome” Smil details efforts to date …