Saturday, September 26, 2015

More Bad News For Coal

The U.K.'s Department of Energy and Climate Change released statistics showing, for the first time ever, the U.K. produced more energy via renewables than for coal during this past April - June time span. Not only did the percentage of energy coming from renewables increase from 16.7 to 25.3 percent, the percentage coming from coal dropped from 28.5 to 20.5 percent. Interestingly, the coal percentage dropped by 8 percentage points while the renewable percentage increased by 8.6 points. This means coal's loss was more than made up for by increases in renewables.

It is become increasingly difficult for coal to claim renewables are more expensive and bad for the economy. The writing is on the wall.

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