{"id":39537,"date":"2020-05-06T07:26:24","date_gmt":"2020-05-05T20:56:24","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=39537"},"modified":"2020-05-06T07:26:24","modified_gmt":"2020-05-05T20:56:24","slug":"renewables-coal-usa-mb1512","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/renewables-coal-usa-mb1512\/","title":{"rendered":"Renewables Trump Coal Power In The USA In April"},"content":{"rendered":"

\"Renewable<\/p>\n

Renewable energy sources generated more electricity than coal power in the U.S. during April says the Institute for Energy Economics and Financial Analysis. Every. Single. Day.<\/p>\n

The IEEFA bases its assessment on data released by the U.S. Energy Information Administration (EIA) and notes renewables beating coal actually began on March 25.<\/p>\n

\"Days

Image: IEEFA<\/p><\/div>\n

“The transition away from coal for electricity generation has accelerated in 2020 due to a number of factors, particularly low gas prices, warmer weather, a significant amount of new renewable capacity connecting to the grid late last year, and more recently, lower power demand from the economic slowdown because of the coronavirus,” states the Institute<\/a>.<\/p><\/blockquote>\n

IEEFA says preliminary figures from the EIA indicate coal’s market share for electricity generation was just 15.3% in April. IEEFA had previously forecast coal-fired electricity generation would be surpassed by renewables next year, but if the current trend continues that milestone could be seen this year.<\/span><\/p>\n

Looking at last year<\/a>, coal power accounted for an estimated 966 billion kilowatt-hours, 23.5% of the USA’s generation total; while renewables racked up 720 billion kilowatt hours1<\/a><\/sup> (17.5%).<\/p>\n

In January 2020, S & P Global Market Intelligence reported<\/a> 13,703 MW of U.S. coal power capacity was retired last year – the highest level since 2015.<\/p>\n

Here’s a relevant blast from the past:<\/p>\n

“..we have ended the war on beautiful, clean coal.”\u00a0 – President Donald Trump<\/a>, State Of The Union Address, January 30, 2018<\/p><\/blockquote>\n

It seems the President’s views on coal’s future in the USA have been about as accurate as many of his predictions for COVID-19.<\/p>\n

Westpac Exiting Thermal Coal<\/h2>\n

In related news and closer to home, earlier this week Westpac committed to exiting thermal coal by 2030. According to MarketForces, Westpac had $370 million in exposure to coal power as at the end of September last year, the biggest of the four major banks. MarketForces said<\/a> the decision was another nail in the coffin for thermal coal.<\/p>\n

“This means anyone trying to operate a coal mine or power station in Australia beyond 2029 will find it increasingly difficult to access both debt and insurance.”<\/p><\/blockquote>\n

However, it noted loopholes remain – such as the potential to lend to new thermal coal mines until just before the exit date and to coal power stations if they slip through the cracks in its criteria.<\/p>\n

Westpac’s Climate Change Position Statement<\/a> and 2023 Action Plan states:<\/p>\n

“Westpac recognises that climate change is one of the most significant issues that will impact the long-term prosperity of the global economy and our way of life. We are committed to managing our business in alignment with the Paris Agreement and the need to transition to a net zero emissions economy by 2050.”<\/p><\/blockquote>\n

As for its own energy use, Westpac committed to sourcing 100% of\u00a0 its electricity consumption from renewable sources by 2025 in April last year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Renewable energy sources generated more electricity than coal power in the U.S. during April says the Institute for Energy Economics and Financial Analysis. Every. Single. Day.<\/p>\n","protected":false},"author":17,"featured_media":39545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-39537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nRenewables Trump Coal Power In The USA In April - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Renewable energy sources generated more electricity than coal power in the U.S. during April says the IEEFA. Every. Single. 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Meanwhile a less publicised news article revealed the dirty truth behind the future, or otherwise, of fossil fuel exports to one of our\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"pile of coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/coal-price.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/coal-price.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/coal-price.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":48092,"url":"https:\/\/www.solarquotes.com.au\/blog\/guterres-coal-power-mb1892\/","url_meta":{"origin":39537,"position":2},"title":"UN Chief: Cancel All Coal Power Projects – Globally","author":"Michael Bloch","date":"March 4, 2021","format":false,"excerpt":"UN Secretary-General Ant\u00f3nio Guterres has again called for an end to what he called the world's deadly addiction to coal. In a message to the Powering Past Coal Alliance Summit, the Secretary-General said while momentum for climate action offers a measure of hope, that hope must be checked against reality.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"UN Secretary-General Ant\u00f3nio Guterres on coal power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/cancel-coal-guterres.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/cancel-coal-guterres.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/cancel-coal-guterres.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/cancel-coal-guterres.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/cancel-coal-guterres.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":39387,"url":"https:\/\/www.solarquotes.com.au\/blog\/queensland-renewables-coal-mb1505\/","url_meta":{"origin":39537,"position":3},"title":"Queenslanders Want More Renewables, Not Coal Power","author":"Michael Bloch","date":"April 30, 2020","format":false,"excerpt":"A poll of more than 1,000 Queensland residents in late March indicates a strong preference for more renewables over new coal-fired power. Commissioned by Solar Citizens, the QDOS research poll found 78 per cent of respondents would be more likely to support the state government spending on renewable energy generation\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal vs. renewables in Queensland","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/coal-renewables-queensland.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/coal-renewables-queensland.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/coal-renewables-queensland.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/coal-renewables-queensland.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/coal-renewables-queensland.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":31907,"url":"https:\/\/www.solarquotes.com.au\/blog\/eon-energy-renewables-mb1129\/","url_meta":{"origin":39537,"position":4},"title":"UK’s E.ON Energy: “100% Of Homes, 100% Renewable Electricity”","author":"Michael Bloch","date":"July 11, 2019","format":false,"excerpt":"On Tuesday morning local time, E.ON Energy's 3.3 million residential customers in the UK woke to the news all their electricity would be \"100% renewable\" - and at no extra cost. \"More than three quarters of people in the UK are concerned about #climatechange, which is why we're helping household\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"E.ON Energy - Renewables","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/eon-renewable-electricity.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/eon-renewable-electricity.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/eon-renewable-electricity.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/eon-renewable-electricity.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/eon-renewable-electricity.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":22789,"url":"https:\/\/www.solarquotes.com.au\/blog\/germany-renewables-coal-mb0662\/","url_meta":{"origin":39537,"position":5},"title":"Germany’s Renewables Beat Coal Electricity Generation In H1","author":"Michael Bloch","date":"July 11, 2018","format":false,"excerpt":"Renewable energy's share of electricity generation in Germany for the first half of this year exceeded that of brown and black coal combined for the first time. We reported recently Germany\u2019s renewables fleet cranked out more than 100 billion kilowatt hours (100,000 gigawatt hours) of electricity during the first half\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable energy in Germany","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/renewables-germany-2018.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/renewables-germany-2018.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/renewables-germany-2018.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/renewables-germany-2018.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=39537"}],"version-history":[{"count":17,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39537\/revisions"}],"predecessor-version":[{"id":39557,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39537\/revisions\/39557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/39545"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=39537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=39537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=39537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}