The ERCOT region remains a living example of how to make a successful transition to restructured wholesale and retail markets for electricity. At the same time, the market continues to witness...
Natural gas as a near-term CO2 mitigation strategy.
appropriately aggressive defensive strategy. This will surely lead to any number of carve outs and protections on a federal and local level that will limit the ability of this shift to occur.
No Silver Bullet
A coal-gas swap is by no means a silver bullet for climate policy. The long-term stability of the climate demands massive success on multiple fronts given the size of our collective environmental footprint. However, the potential for this switch to immediately lower CO 2 emissions is larger than any other near-term solution—short of slashing people’s access to energy. On that basis alone, it deserves attention.
1. Total actual annual generation divided by (generator nameplate x 8760 hours/year). All raw data for this and subsequent data come from DOE/Energy Information Administration unless otherwise noted.
2. ~115 lbs/MMBtu for natural gas vs. ~200 lbs/MMBtu for coal.