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| Wed, 9th Dec 2020 15:32:00 |
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Most of America’s dirty power plants will be ready to retire by 2035 |
The U.S. energy transition is well underway. Electricity from solar and wind is increasingly competitive with natural gas power, and the grid is hemorrhaging coal plants that no longer make economic sense. But without any real national climate policy managing the decline of fossil fuels, the transition is scattershot, messy, and full of carnage.
Power companies announced more than 13 coal plant retirements this year, in many cases moving up previously announced closures and shortening the window of time the communities that live near and work at those plants have to think about what comes next. In May, a company called GenOn gave workers at one of its coal-fired power plants in Maryland just 90 days’ notice that it was closing.
A new analysis published in the journal Science last week offers a potential roadmap for the incoming Biden administration to manage the wind-down of all fossil fuels plants, not just coal plants, more systematically. Even better, it shows that shutting down the nation’s fossil fuel–burning power plants in the next 15 years to achieve Biden’s goal of 100 percent clean electricity by 2035 isn’t as economically risky as previously thought.
Read original full article
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