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U.S. Coal Power to Fall 45% by Decade’s End in Shift From Dirtiest Fossil Fuel

At least 45% of U.S. coal power is set to disappear by the end of the decade, a figure that will likely rise as more utilities conclude their coal-fired plants no longer make financial sense to operate, according to the Institute for Energy Economics and Financial Analysis.

Electricity producers have announced plans to shutter 99.2 gigawatts of coal plants through 2030, IEEFA said in a report released Monday. Another 36.8 gigawatts are scheduled to retire or be converted to natural gas in subsequent years, leaving 82.4 gigawatts of capacity without closure plans. The report comes as U.S. coal prices topped $100 for the first time in 13 years as Russia’s war in Ukrain upends international energy markets.