Posted by Patrick Barnard
May 8, 2018
Cheap natural gas prices and the increasing availability of wind energy are pummeling the coal industry more than regulation, claims a new economic analysis from the University of Colorado Boulder and North Carolina State University.
Co-lead author Daniel Kaffine, a CU Boulder associate professor in economics, looked at natural gas, wind and coal-fired power generation across 20 U.S. states from 2008 to 2013 in the study, which was published in the American Economic Journal this month.
The study found a “significant” link between plummeting natural gas prices, increased wind generation capability and the drop-off in U.S. coal-burning.