by Laura Shin -
Apr 2nd, 2009
It’s not news that the Sierra Club can envision a time when no new coal plants will be built. It is news when the Department of Energy agrees.
The DOE’s Energy Information Administration released its Annual Energy Outlook this week, and it anticipates only about two new coal plants being built between 2013 and 2025.
That projection may even overstate the need – the report did not account for the more than $70 billion in funding from the stimulus package for clean energy and transit and energy efficiency or new climate legislation that will significantly boost the renewable energy sector.
When you take future government action into account, there won’t be a need for even those two new coals plants, says Mark Kresowik of the Sierra Club’s Move Beyond Coal Campaign:
“Even by these very conservative estimates, it’s clear that there is no truth behind the coal industry’s claims that we must have new coal to have a secure energy future. This is more evidence for investors that the future for coal is weak."
Bookmark/Search this post with: