Skip to main content
Tags: coal

US Coal Use Is Plunging at Fastest Rate in 65 Years

US Coal Use Is Plunging at Fastest Rate in 65 Years
A sign with the words "Trump digs coal" can be seen on a factory building in a coal mining area in Hazleton, Pa. (Maren Hennemuth/picture-alliance/dpa/AP Images)

Thursday, 05 March 2020 04:03 PM EST

U.S. coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That’s poised to happen again this year.

Total consumption slumped to 596 million tons in 2019 from 688 million tons in the prior year, according to the U.S. Energy Information Administration. This year, the figure is expected to slip again, to 517 million tons.

The decline reflects the rapidly changing U.S. energy mix, as coal is increasingly struggling to compete on price with natural gas, wind and solar. The dirtiest fossil fuel is also facing growing pressure for its role in climate change, prompting states from California to New York to mandate a transition to clean energy. President Donald Trump’s efforts to revive the industry have done little to stem the inexorable shift away from coal.

“It’s definitely a stark rebuke to to all of Trump’s promises that he’s going to bring the coal industry back,” Mary Anne Hitt, director of the Sierra Club’s Beyond Coal campaign, said Thursday in an interview.

U.S. consumption plunged 14% during a brief recession back in 1954, but promptly rebounded almost 15% the following year, according to EIA data.

Utilities have already announced plans this year to shut at least seven plants. Last year, the second-biggest on record for retirements, about 18 gigawatts of coal capacity went dark or were given a timeline for closing, according to the Sierra Club.

(Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, has committed $500 million to launch Beyond Carbon, a campaign aimed at closing the remaining coal-powered plants in the U.S. by 2030 and slowing the construction of new gas plants.)

© Copyright 2024 Bloomberg News. All rights reserved.


US
U.S. coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That's poised to happen again this year.Total consumption slumped to 596 million tons in 2019 from 688 million tons in the prior year, according to the U.S....
coal
284
2020-03-05
Thursday, 05 March 2020 04:03 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved