EIA report says coal to remain dominant fuel
EIAÂ’s American Energy Outlook 2011 predicts that, absent overly stringent new federal regulations, electricity generation from coal will increase by 25 percent from 2009 to 2035 and that coal will generate 43 percent of AmericaÂ’s electricity in 2035.
“This report underscores the important role that coal will play long into the future,” said Steve Miller, president and CEO of the American Coalition for Clean Coal Electricity. “Coal will continue to be America’s fuel for decades to come because it will remain affordable, reliable and will be used in an increasingly clean manner.”
Earlier this year, ACCCE released a report showing that among energy used by American households, electricity has experienced relatively low price increases since 2001. Coal currently provides nearly one-half of AmericaÂ’s electricity supply, and has contributed to the relative stability of consumer electricity prices.
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IEA: Electricity investment surpasses oil and gas for the first time
LONDON - Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said.
Total energy investment fell for the second straight year by 12 per cent to US$1.7 trillion compared with 2015, the IEA said. Oil and gas investments plunged 26 per cent to US$650 billion, down by over a quarter in 2016, and electricity generation slipped 5 per cent.
"This decline (in energy investment) is attributed to two…
