Transforming U.S. energy systems away from coal and toward clean renewable energy was once a vision touted mainly by environmentalists. Now it is shared by market purists.
Today, renewable energy resources like wind and solar power are so affordable that they’re driving coal production and coal-fired generation out of business. Lower-cost natural gas is helping, too.
I direct Colorado State University’s Center for the New Energy Economy, which works with states to facilitate the transition toward a clean energy economy. In my view, today’s energy market reflects years of federal and state support for clean energy research, development and deployment.
And, despite the Trump administration’s support of coal, a recent survey of industry leaders shows that utilities are not changing their plans significantly.
Read more at Professor Ritter’s article in The Conversation.