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Saturday, August 10, 2019

Update on the U.S. Coal Industry

Renewable energies 
briefly generated 
more electricity than coal 
in April 2019, according to 
the Institute for Energy 
Economics and Financial 
Analysis. 

The cheap price of natural gas 
caused it to surpass coal as 
America’s primary power source 
in 2016.

The average U.S. coal plant 
is approximately 40 years old, 
requiring costly maintenance
and repairs. 

New coal plants 
are more expensive 
to build than 
natural gas plants.




The coal industry employed 
almost 900,000 American 
workers in the1920s.

It now employs 53,000. 

Since 2014, six of the top 10 
U.S. coal mining companies 
have at one time declared 
bankruptcy.

President Trump campaigned for 
“ending the war on coal” and 
won in most of the top coal 
producing states, by margins 
of 15 to 47 percentage points.

Demand for coal has not seen 
a meaningful turnaround. 

In President Trump’s 
first two years, 
more coal-fired 
power plants shut down, 
than during Obama’s 
whole first term.

Demand for coal for energy 
and steel production 
is declining in Europe.

In Asia, where there's 
a growing coal demand, 
US coal faces higher
shipping costs and
stiff competition 
from China, the world’s 
largest producer of coal,
and from nearby Australia.



Coal currently produces 28% 
of US electricity annually,
compared with 34%  by 
natural gas and 18% by 
renewables. 

Globally, coal accounts for
roughly one-third of current 
energy production. 

90% of US coal is used for 
energy production.

Coal is also used 
for steel production and
cement manufacturing.

By 2050, renewables 
are projected to supply 
31% of US energy, 

to 17% for coal.