The real energy story of 2013 may turn out to be the death of coal.
That’s still a little premature, but consider: Ten years ago some 120 new coal power plants were in the siting and financing pipeline. Today, nearly all have been abandoned.
Thirty per cent of existing coal plants, representing nearly 20 percent of U.S. coal generating capacity, have been terminated or announced near-term closure dates. Coal’s share of U.S. power generation has dropped from 53 percent in 2000 to 37 percent today.