The US electric power sector is halfway to zero carbon emissions
theconversation.com
theconversation.com
It feels amazing to be proven right. When you continually refine a class of technologies like these, 'the market' latches on and fervently optimizes. We are all part of this movement. It will only accelerate from here; my first car was a hybrid, and my next will be battery electric. There are many like me in my generation.
Of course, governments across the nation have taken many great steps to incentivize as well. But why does it feel like everyone has abandoned these fundamental concepts? I suppose it is preferred to narrate market changes with political tones these days.
And in fact much of this good news isn't about renewables. It's about a shift from coal to natural gas -- again, with government nudges (e.g. https://www.texastribune.org/2018/12/12/us-helping-private-n...). That does reduce carbon dioxide, but it's not a path towards zero carbon. If anything it's the opposite, creating a large new industry for fossil fuel extraction.
I first started working for the company in 2002 and since then their coal-fired generation has fallen over 50%. That's not just CO2 emissions being reduced: it's a reduction in acid rain, it's a reduction in mercury entering our waterways, it's a reduction in NOx and SOx flume gasses finding their way into our lungs. This is for the betterment of all our health.
My company operates in 11 states in the US and I can tell you in the markets where consumers have a choice in their utility provider they overwhelmingly choose green/renewable resources. Public Utility Commissions are also very amenable to utilities demonstrably making progress in reducing emissions.
Green/renewable power is consumer-friendly and business-friendly. The coal industry is simply screwed.
More importantly, most of these emissions reductions came from replacing coal with natural gas. That's great, but normally when a problem is half solved you can kind of just keep doing what you've been doing, and that isn't the case here. If you measure by "% of energy coming from renewables" we aren't anywhere near halfway to 100%.
This is amazing.
And that good news is not counting imports and offshore manufacturing.