But as this study shows, no matter how you mine it,
coal costs more in damages to other segments of the economy than all of the electricity it generates is worth.
Not exact matches
OTTAWA — The federal Liberal government says its new regulations to phase out power plants fired by
coal and natural gas will
cost more than $ 2.2 billion, but potentially save the country billions
more in reduced health care
costs.
Solar pv has dropped 70 % in
cost in the last 6 years and has become competitive with
coal (which is dropping in price as commodity) making it
more and
more expensive to get out of the ground.
The
coal regs come with benefits too, which federal officials estimate will
more than offset the
costs by a margin of $ 7 billion.
The major reason for this is the strong profitability of the industry — the price of both the ingredients (iron ore,
coal, freight, fluxes etc.) and the finished steel has decreased, but the
costs of producing a ton of steel fell
more, so the profit margins have actually improved.
A 2016 study by health and environmental organizations found phasing out
coal by 2030 would prevent
more than a thousand premature deaths and some 870 hospital visits in Canada, while saving nearly $ 5 billion in
costs to society, including healthcare expenses and lost productivity.
Plus,
more EPA mandates have driven the
cost of mining and using
coal much higher.
«Previous governments in Alberta and Ottawa offered to provide a subsidy of $ 779 milliontoward the $ 1.4 - billion price tag for TransAlta's proposed
coal - fired carbon capture and storage project, but even with taxpayers shouldering
more than half the
cost, there wasn't a viable business case and the project was shelved.
COAL»S COST In response to nuclear power plant shutdowns, Kentucky's coal - fired Paradise Fossil Plant (shown) began producing more power, and more air pollut
COAL»S
COST In response to nuclear power plant shutdowns, Kentucky's
coal - fired Paradise Fossil Plant (shown) began producing more power, and more air pollut
coal - fired Paradise Fossil Plant (shown) began producing
more power, and
more air pollution.
For many Africans and Africa observers, the massive Medupi and Kusile
coal plants being built by South Africa's Eskom at a
cost of
more than $ 20 billion, or the 6,000 - MW Grand Ethiopian Renaissance Dam under construction on the Blue Nile River for an estimated $ 4 billion, are hallmarks of the continent's progress toward electrification.
Currently, nuclear and wind energy (as well as clean
coal) are between 25 and 75 percent
more expensive than old - fashioned
coal at current prices (not including all the hidden health and environmental
costs of
coal), and so it will take a stiff charge on
coal to induce rapid replacement of obsolete plants.
Burning
coal produces
more than half the country's electricity, despite its immense human and environmental
costs.
Because these cells can be made
more quickly than bulky solar panels, the company thinks they might be
cost - competitive with
coal or nuclear power.
They could soon find themselves competing with Chinese
coal, which is set to become
more competitive as production
costs fall.
The shift would reduce economic output by between 2 - 6 percent by 2050, because of the
costs of building a cleaner energy system based on low - carbon energies that are
more expensive than abundant
coal, the IPCC said.
The Department of Energy estimated in May 2007 that a new power plant burning pulverized
coal and equipped with amine scrubbers to capture 90 percent of the CO2 would make electricity at a
cost of
more than $ 114 per megawatt - hour (compared with just $ 63 per MWh without CO2 capture).
Designed to burn gas from
coal and pump carbon dioxide emissions into geological reservoirs, FutureGen II could
cost $ 2 billion or
more.
More than 100 gigawatts of geothermal power (one tenth of the current U.S. electrical generation) could be developed for $ 1 billion during the next 40 years — at the full
cost of one carbon - capturing
coal - fired power plant or one - third the
cost of a new nuclear generator.
Yohe estimates the
cost of achieving a
more modest goal of holding warming to roughly 2 degrees C at a
cost of 0.5 to 1.5 percent of gross domestic product for the U.S. by 2050, thanks to the expense incurred by, for example, replacing existing
coal - fired power plants with renewables or retrofitting them with carbon - capture technology.
NuScale claims it will be able to produce power at about seven to nine cents per kilowatt - hour — roughly the same as big nuclear plants, only a few cents
more than the cheapest modern natural gas — fired or
coal - fired plants, and one - third the
cost of a typical diesel generator.
The
cost of retrofitting an old
coal plant with capture equipment, for example, could in theory run to
more than $ 100 per ton.
Although solar thermal collectors are better than photovoltaic panels or wind turbines at generating reliable power around the clock, solar thermal power is also expensive; at present energy
costs, it would require government subsidies to compete with
coal and natural gas, which can generate electricity much
more cheaply.
The nation has already overtaken the U.S. as the world's largest greenhouse gas emitter largely because of the
more than three billion metric tons of
coal it burns annually — and several thousand miners die each year digging up the dirty black rock to feed China's energy needs, not to mention the health toll taken by choking air pollution caused by
coal burning in the Middle Kingdom, estimated by the World Bank to
cost the country $ 100 billion a year in medical care.
Wind Wind energy is much
more cost - competitive than solar when compared with
coal.
For unsubsidized solar power to be competitive with
coal - or natural gas — powered electricity, it needs to
cost $ 1 per watt — today, solar is three to five times
more expensive than fossil fuels, Atwater said.
More Viable Than Clean
Coal To no one's surprise,
cost will loom large in any decision to plan on a reactor.
Extending a relationship of
more than a decade, the US Department of Energy (DOE) and Research Triangle Institute (RTI) International will collaborate on a project designed to advance the development of
coal power plants with near - zero emissions by reducing the
cost... Read
more →
Oddly, as I pointed out earlier, the Friends of
Coal industry front group is not attacking the legislation's impacts on coal — instead going for a general criticism of potential increases in energy costs to consumers. And as I've also pointed out, the United Mine Workers union concluded the bill ensured that «the future of coal will be intact (but still withheld its endorsement, seeking more concessions for coal companies and coal - fired utiliti
Coal industry front group is not attacking the legislation's impacts on
coal — instead going for a general criticism of potential increases in energy costs to consumers. And as I've also pointed out, the United Mine Workers union concluded the bill ensured that «the future of coal will be intact (but still withheld its endorsement, seeking more concessions for coal companies and coal - fired utiliti
coal — instead going for a general criticism of potential increases in energy
costs to consumers. And as I've also pointed out, the United Mine Workers union concluded the bill ensured that «the future of
coal will be intact (but still withheld its endorsement, seeking more concessions for coal companies and coal - fired utiliti
coal will be intact (but still withheld its endorsement, seeking
more concessions for
coal companies and coal - fired utiliti
coal companies and
coal - fired utiliti
coal - fired utilities).
â $ œthe
coal is running out in Central Appalachia and Wyoming, and every year, that
coal becomes
more costly to mine, and those higher
costs are transferred onto us, the consumers.â $
That's right, the
coal is running out in Central Appalachia and Wyoming, and every year, that
coal becomes
more costly to mine, and those higher
costs are transferred onto us, the consumers.
I myself have been accused of being a paid shill for the
coal industry, because I argued that rapidly deploying solar and wind energy technologies, along with efficiency and smart grid technologies, is a much faster and much
more cost effective way of reducing GHG emissions from electricity generation than building new nuclear power plants.
New
coal plants are
costing more than double what they were projected to
cost just a few years ago and even
more and that does not include CCS.
China is bound to be dependent on
coal for energy — we can not afford oil as an alternative when it
costs more than US$ 100 dollars (680 yuan) a barrel.
But how much
more can be accomplished administratively is unclear, which is why the prese ce of a clear and present signal that raises the
cost of emitting carbon (starting from where oil, gas, and
coal are dug up) is so important to cover all the bases.
For a small fraction of the
cost I could eliminate
more greenhouse gas by converting the large Four Corners,
coal - fired electric power plant in New Mexico to natural gas.
If taxes and fines proportional to the
costs could be imposed,
coal would lose some of its competitive advantages, and would be replaced
more rapidly by natural gas and then solar and wind.
Natural gas also plays a growing role due to lower natural gas prices and relatively low capital construction
costs that make it
more attractive than
coal.
I can do a lot
more at less
cost by building nuclear power plants or converting
coal fired generators to modern gas - fired ones.
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Coal, like all fossil fuels, is a finite commodity, expected to
cost more in the future in both commodity prices and operational expenses, due to new specifications for better scrubbers.
As regards carbon capture and sequestration, the Government Accountability Office estimates clean
coal will
cost 78 percent
more than traditional methods.
so all things being equal (true
cost to environment / economy of continuing
coal, «clean» or otherwise) alternatives and improved efficiency are
more than competitive.
They can build
more coal plants, driving up their prices by competing with themselves; or they can flood their electricity markets with the maximum possible volume of non-
coal power, enabling their existing fleet to operate at much lower
costs and weakening the price power of
coal exporters.
With the rapidly falling
cost of solar and wind power, as well as energy storage technologies that make renewables
more practical on a large scale,
coal could lose its primacy faster than most expect.
As of 2013, the world has ~ 1,000 Billion short tons a mine price would be no
more than $ 5 per short ton, so we are looking at a
cost of ~ $ 5 Trillion to sequester the remaining known
coal reserves.
And, the contentious Duke Energy
coal gasification facility in Edwardsport Indiana was reportedly using
more energy than it produced even after massive
cost overuns and ratepayer outrage.
And as the English have done and as the Chinese and the Indians and etc will still do, they will use
coal, lots of
coal plus gas and oil for power generation until some capitalist somewhere with a very good idea on how to reduce
costs and still make a fortune comes along and devises / discovers or restructures an old technology or a new power generation technology that is
more efficient, lower
cost,
more profitable, just as reliable as fossil fueled, those
coal, oil and gas generators
It will just become
more expensive to generate electricity with oil and
coal, but that
cost will be passed on to us consumers.
The regulation has been softened since but still operates to push renewable projects to
more remote areas where they can compete with high -
cost fuel like diesel, and makes them uncompetitive in areas like Java where they compete with low -
cost, abundant
coal.
While this is
more expensive than the current
cost of market power at $ 32 / MWh, solar has no fuel
costs, no risk of fuel
cost increases, and no water or air pollution,
coal ash clean - up, or nuclear waste
costs.