Global Market Intelligence released a new report today that estimates that $34 billion in coal plant investment and another $34 billion in new gas plant construction could be at risk.
While the past decade has seen U.S. electric sector carbon emission declines, attributable mainly to the substitution of coal generation with natural gas generation, recent pricing trends indicate further emissions reductions via this avenue are unlikely. More recently, the advancement of renewable mandates and regulatory support for retiring coal generation in parts of the country indicate that a new round carbon emissions reductions are on the horizon. However, to meet ambitious decarbonization targets such as those in the Biden administration’s Clean Energy Standard, green energy will need to expand much more rapidly.
This push could reduce the value of recent investments in pollution control equipment at coal plants. Furthermore, a review of markets with strong renewable mandates and carbon emissions pricing indicates much of the U.S. fleet of recently built natural gas generation could come under pressure as well.
Key highlights from the report:
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U.S. Energy Media Staffhttps://oilwomanmagazine.com/author/oilmanwp/
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U.S. Energy Media Staffhttps://oilwomanmagazine.com/author/oilmanwp/
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U.S. Energy Media Staffhttps://oilwomanmagazine.com/author/oilmanwp/
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U.S. Energy Media Staffhttps://oilwomanmagazine.com/author/oilmanwp/
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.
