As coal declines, miners and workers in related industries are losing their jobs.
German energy company Steag filed for retirement of two units at its old Lünen plant (5) in March, highlighting the three - year trend noted in the latest Boom and Bust report (6) of
coal declining at a record pace globally.
While emissions from
coal declined in 2016, emissions from gas rose by 12.5 per cent due to its increased use to generate electricity, but the use of gas remains well below its peak in the 2000s.
Report:
China coal decline continues as economy flatlines Analysis: China's national carbon market: When, where and how?
Coal declines rapidly, nuclear has the bumpiest ride, and eventually falls as India will allocate no more financing to the technology from 2023 due to policy uncertainty and fuel restrictions.
«
Coal declining in the United States has almost nothing to do with climate legislation at all,» Steer said.
Again in 2018, utilities expect to add more solar, wind and natural gas resources, while nuclear stagnates and
coal declines.
Natural gas leads the way with nuclear, wind and solar gaining share and
coal declining (from 40 percent in 2014 to 30 percent in 2040).