By Jeff McMahon

Republicans and Democrats both have reasons for perpetuating the idea of a ”war on coal,” energy experts said this week, but the decline in coal’s fortunes stems largely from competition with natural gas.

“Both sides have a vested interest in the storyline for their constituencies: one, that the government is putting them out of work, and on the other side, that they’re reducing emissions,” said Steve Cicala, an expert on the economics of regulation and professor at the University of Chicago’s Harris School of Public Policy. “And their respective constituencies love that story whether it’s true or not.”

The story’s not true, Cicala contends, so there’s little a President Donald Trump could do to improve coal’s prospects or to save the jobs of coal miners by ending a government war on coal. To keep his campaign promise to revive the coal industry, he has to find a way raise the price of natural gas.

“The only thing that’s going to help these coal-fired power plants stay open and keep operating is if the price of natural gas goes up,” Cicala said in a podcast released Friday by the Energy Policy Institute of Chicago. “That’s the only thing that’s going to make it economical to be firing up these plants…”

Continue reading at Forbes…

Read More

Areas of Focus: Energy Markets
Definition
Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Fossil Fuels
Definition
Fossil Fuels
Under current policies, fossil fuels will play an important role in the energy system for the foreseeable future. EPIC research is exploring the costs and benefits of these fuels as...
Climate Change
Definition
Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...
Climate Economics
Definition
Climate Economics
Climate change will affect every sector of the economy, both locally and globally. EPIC research is quantifying these effects to help guide policymakers, businesses, and individuals working to mitigate and...
Climate Law & Policy
Definition
Climate Law & Policy
As countries around the world implement policies to confront climate change, EPIC research is calculating which policies will have the most impact for the least cost.
Fossil Fuels
Definition
Fossil Fuels
Under current policies, fossil fuels will play an important role in the energy system for the foreseeable future. EPIC research is exploring the costs and benefits of these fuels as...