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Study Reveals That It Was Low Costs Of Natural Gas Behind The Drop Of Coal Demands

The new study from the University of Colorado Boulder and North Carolina State University discovers sudden drops in the employment of coal for generation of power over the last 10 Years. They claim that these drops were caused majorly due to the availability of wind energy and less costly natural gas, and not by environmental rules.

“In the period between 2008 and 2013, coal declined to almost 30% from up to 50% of the U.S. power generation,” claims co-lead author of a research paper and an associate professor at NC State for resource economics, Harrison Fell, to the media in an interview.

“Coal boosters held stiffer rules responsible, dubbing it as a ‘combat on coal.’ But that similar time period witnessed a sudden decrement in the price of natural gas and an elevation in a generation of wind energy. We needed to know how huge a role each of these features played in conveying down the requirement for coal.”

To solve this query, the scientists had a look at how much of their every day power-making capacity coal factories were being employed in 4 power transmission areas from 2008 to 2013. The 4 power areas such as the Southwest Power Pool, the ERCOT (Electric Reliability Corporation of Texas), PJM (PJM Interconnection), and the Midcontinent Independent System Operator have spread all over 20 states.

Proportional with national drops, coal factories in all 4 areas employed much less of their power capability in 2013 as compared to 2008. In the same manner, the cost of natural gas declined in all 4 areas, and the amount of obtainable wind energy augmented.

On a similar note, a new agreement with IBM is assisting North Carolina State University to get some insight of quantum computing by letting students and professors authorize to a network of the new devices at IBM. These are the same devices that IBM has installed in New York at its research lab.

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