In sum, generation additions (plus removal
of coal costs) are in the order of $ 35 billion and additional investments relate to transmission and distribution assets.
Not exact matches
The U.S. wind and solar industries employ over 300,000 people, making clean energy an important political constituency that is about five times bigger than the
coal sector for jobs, thanks to years
of rapid growth fueled by government incentives and declines in the
cost of their technologies.
«As much as I believe it is going to be part
of the energy infrastructure around power, I believe that other sources are now catching up with
coal in terms
of the overall
costs,» Morgan said.
The plummeting
cost of solar panels and wind turbines also has added to
coal's woes.
The emergence
of low -
cost natural gas in the U.S., largely uncovered through fracking techniques, is one
of the major reasons that the country has been able to lower its carbon emissions and has started to ween itself off
of coal use.
President Donald Trump announced his decision to withdraw from the Paris deal in June, saying the accord would have
cost America trillions
of dollars, killed jobs, and hindered the oil, gas,
coal and manufacturing industries.
Coal remains cheaper, but when you factor in the reduced capital cost (gas plants cost between a quarter and a third what coal plants of equivalent output do), the life - cycle costs point to gas, even in the absence of a price on carbon emissi
Coal remains cheaper, but when you factor in the reduced capital
cost (gas plants
cost between a quarter and a third what
coal plants of equivalent output do), the life - cycle costs point to gas, even in the absence of a price on carbon emissi
coal plants
of equivalent output do), the life - cycle
costs point to gas, even in the absence
of a price on carbon emissions.
While we're on the question
of Ric Stowe and his Griffin
Coal Company, bar - room chatter coming out
of Collie indicates that life is about to get somewhat tougher in the coalfields and a new round
of cost cutting may be on the way — with interesting variat
While the requirements have raised the
cost of operating
coal - fired plants, experts say a bigger factor in
coal's decline has been cheaper natural gas.
While the
cost of electricity from
coal and gas will go up and down given the volatility
of the markets for those fuels, we can enter into a 20 year contract for renewable energy where we know what we'll be paying for the electricity today and in 2033.»
What's really killing earnings and standing in the way
of developing new
coal reserves are plunging commodity prices that have left many producers stranded with high
cost structures that are no longer commercially viable.
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.
About half
of the
cost is due to increased consumption
of natural gas that will be the side - effect
of cracking down on
coal.
The
coal regs come with benefits too, which federal officials estimate will more than offset the
costs by a margin
of $ 7 billion.
Buried deep in federal regulations to restrict emissions in the
coal - fired electricity sector, officials explain that the
costs of those new rules is about $ 16 billion in today's terms.
Quite apart from the fact that to get the savings
of that 2009 doomsday report we would have to unbuild all the renewable power at no
cost and re-commission the
coal plants also without
cost.
Skeptical Science previously examined Epstein et al. (2011), which arrived at a much higher estimate
of the external
costs of coal combustion, mainly due to a higher estimate
of (non-CO2) air pollution damages.
A large proportion
of canal construction was explicitly undertaken to reduce the
cost of coal in centers that promised to become large - scale consumers if the price could be lowered.
China's demand for resources to supply its industrial expansion has put upward pressure on prices for steel and its raw materials (iron ore, coking
coal), and on the
costs of shipping.
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.
DENVER — The first report in the Energy Institute's Energy Accountability Series finds that proposals from Hillary Clinton and other politicians to ban oil, gas, and
coal production on federal lands and waters would
cost America hundreds
of thousands
of jobs and billions in revenue.
RESOLVED: That Berkshire Hathaway Inc. («Berkshire») establish reasonable, quantitative goals for reduction
of greenhouse gas and other air emissions at its energy - generating holdings; and that Berkshire publish a report to shareholders by January 31, 2015 (at reasonable
cost and omitting proprietary information) on how it will achieve these goals — including possible plans to retrofit or retire existing
coal - burning plants at Berkshire - held companies.
Plus, more EPA mandates have driven the
cost of mining and using
coal much higher.
FCA's 80 % plus market share in the North American
coal car market is protected by high switching
costs and 100 plus years
of market share and technological dominance.
«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.
Despite the modestly slowing rate
of cost declines for utility - scale alternative energy generation, the gap between the
costs of certain alternative energy technologies (e.g., utility - scale solar and onshore wind) and conventional generation technologies continues to widen as the
cost profiles
of such conventional generation remain flat (e.g.,
coal) and, in certain instances, increase (e.g., nuclear).
The Wyoming - based producer said that
coal shipment volumes, realized prices per ton, and net income all fell sharply while average
costs per ton
of coal sold were markedly higher from year - earlier figures.
Due to the increasing
cost of fossil fuels we are no longer able to provide
coal on a per transgression basis.
The blow would fall heavily on the states whose
coal provides most
of our electricity and on rural areas where electric
costs have the most impact.
And it's the public who'll pay — new Friends
of the Earth analysis reveals that another generation
of gas and
coal will
cost each household an extra # 300 per year by 2020.
So the owner
of an old
coal - fired plant or hydroelectric plant - with lower
costs butthe same sale price - «practically has a printing press» for money, Norlander said.
From low -
cost coal fields in Pennsylvania,
coal was brought to Utica on the Chenango Canal and powered steam driven looms in greatly expanded mills that made Oneida County a textile center
of the county until after World War II.
Fracking If fracking proves to be a way
of getting low -
cost gas to replace
coal, then it's got a role to play.
In 2017, for instance, according to the US Energy Information Administration, the levelised
cost of electricity, which is a key comparator
of generating effectiveness, is likely to average $ 96 / MWh for new wind plant as opposed to $ 97.4 / MWh for conventional
coal.
That has helped to boost rates
of cardiovascular disease and other health effects
of such air pollution, a problem that combined with the health effects
of air pollution from industrial
coal burning that
costs China roughly $ 66 billion dollars per year and causes 760,000 premature deaths, according to a World Bank report.
He is confident, however, that even for traditional
coal plants the
cost of CCS can be reduced to $ 20 per ton.
Yet John Thompson, director
of the fossil transition project at the Clean Air Task Force, said Kemper still could open the door for CO2 capture with countries like Poland and India with low - rank
coals, by lowering
costs for the second generation
of plants.
Instead, with the imposition
of a cap - and - trade program, O'Connor said, people looked at the sources
of coal and realized they could obtain it from different parts
of the country with lower sulfur, cutting emissions at less
cost.
Audience question: Big oil and big
coal argue that the transition from a fossil fuel — based economy to a clean - energy economy will come at a severe economic
cost in the form
of jobs.
The scientists estimate that cold technology could cut the energy consumption and
cost of CO2 capture by as much as 30 per cent in one
of the «green»
coal - fired power stations that the world is currently sniffing at.
Echoes
of «keep it in the ground» One former official interpreted Obama's remarks as being aimed at either raising the
cost of coal through BLM's leasing process or making it off - limits to
coal companies altogether.
Offering his only climate change policy prescription
of the evening, he added, «That's why I'm going to push to change the way we manage our oil and
coal resources, so that they better reflect the
costs they impose on taxpayers and our planet.»
Especially when you control them together, it raises the
cost of coal, which is a good thing.»
Adoption
of clean
coal technologies like carbon capture and storage also will be a heavy lift for the utility sector, since they can significantly drive up production
costs.
And given the current
cost competitiveness
of natural gas, there is little reason for utilities to include
coal in the planning mix for new generation assets, Barnett said.
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.
The
cost of one project can run at the $ 1 billion level or higher, causing critics to say that full use
of CCS on most
of the world's
coal plants would bankrupt the energy industry and possibly spur earthquakes (ClimateWire, June 19).
The average
cost of generating nuclear energy in the United States was less than two cents per kilowatt - hour in 2006, according to the Atlanta - based utility data provider Ventyx, which puts it on par with
coal.
«The «Airpocalypse» could be the best thing that's happened, in that it has started a different kind
of conversation about the
cost of coal,» Turner said.
«The model is capturing the fact that you have a lot
of low -
cost opportunities to reduce
coal, from heavy - industry direct use as well as the electric power sector, from facilities using less energy - efficient technology or processes.»