Are We Reaching Peak Fossil Fuel for Power Generation?

By [email protected] Coal is cheap and relatively abundant. So is natural gas. We can now say the same for renewables.

By 2040, carbon-free electricity will make up 60 percent of installed power capacity worldwide, according to a new analysis from Bloomberg New Energy Finance (BNEF).

The demise of coal is largely driven by the slowdown in consumption in China, and to a lesser extent coal’s decline in North America and Europe.

Just last year, there were questions about whether coal use in China was actually falling, given the inconsistencies in government data. At the beginning of 2016, new data showed a 4 percent drop in

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