There is a huge surge in coal mining and the number of coal
fired power plants in the guise of meeting electricity demands and development for the country.
However, coal demand can continue to decline if natural gas prices stay low for a very long time allowing further replacement of coal -
fired power plants with gas - fired ones.
That is the same as eliminating annual emissions from more than 600 coal
fired power plants by 2020 and about 30,000 coal plants by 2050.
Today, coal -
fired power plants produce about 40 percent of the nation's electricity — and an equal portion of its greenhouse gas emissions.
By 2030, that would reduce global warming pollution by nearly 4 billion tons, akin to shutting down 140 coal -
fired power plants over that time frame.
The coal industry is booming driven by growth in export demand for coal world wide and the large number of coal -
fired power plants currently scheduled to come online.
Coal -
fired power plants account for 41 % of anthropogenic (human - caused) mercury emissions, which can travel long distances before being deposited in soil or water.
In addition to the increasing use of coal internationally, there is a large number of coal -
fired power plants coming online in the next few years.
Coal producers are hoping that all of that adds up to a rise in natural gas prices, which could buy coal -
fired power plants just a little while longer.
However, most experts believe that making such presumption probably would leave us in 25 years with still a large contingent of coal -
fired power plants worldwide.
But your comment does highlight an important point: it isn't enough to stop coal
fired power plants if you don't at the same time stop the coal mines.
The carbon pollution standards for fossil fuel -
fired power plants required by the Rule will not begin to go into effect until at least 2022 — seven years from now.
The paper then discusses today's coal -
fired power plant fleet from a statistical perspective, by looking at age, size and the expected performance of today's plant across several countries.
Bringing a gas -
fired power plant back on stream can take two to three months, but companies are unlikely to do so because of economic reasons.
Also, if newer greener energy technologies can reasonably replace our baseline power needs from coal -
fired power plants then coal demand will decline further.
So it is no surprise to see Chinese coal -
fired power plants frustrated, and the nation is losing its opportunity to leverage adoption of clean energy technologies with higher electricity prices.
Coal -
fired power plants work hard to heat and cool homes, but burning coal releases carbon dioxide that will need to be managed in the future.
Most coal -
fired power plant owners have not yet opted to install easily available technology that could reduce up to 90 % of their mercury emissions.
The amount of electricity from coal -
fired power plants hit a record low while that from natural gas generators hit a record high.
For example, one - third of all coal -
fired power plants not suitable for CCS will need to close before the end of their technical life.
Low - cost natural gas is making gas -
fired power plants cheaper and more competitive to operate, causing less cost - competitive coal and nuclear to retire.
Coal -
fired power plants similarly can benefit from the sunset transition to contingency power source by gaining greater long - term operational certainty, possibly with government assistance.
Coal companies have much more pressing matters including how many coal -
fired power plants stay open and how competitive coal remains compared with gas and renewables.