As U.S. policymakers consider how to tackle the challenge of greenhouse-gas constraints, the U.K.’s approach to the problem offers instructive examples.
Shale gas makes it easy to be green.
as the king of power fuels. And as demand for gas increases, prices will rise accordingly, improving the comparative competitiveness of coal.
So ironically, coal companies should be happy about shale gas, because it’s eliminating a deadly uncertainty that had trapped coal in regulatory limbo. By changing the outlook for federal GHG regulation from “inevitable, but when?” to “why bother?,” shale gas might be just the thing to keep coal in the mix for decades to come.