Exporting Carbon Emissions
Although domestic coal consumption continues to shrink, EconNews reports that coal exports “have nearly tripled since 2005 , according to new data from the U.S. Energy and Information Administration.”
“A combination of low natural gas prices, tightening environmental regulations and the falling price of renewable energy generation are pushing utilities away from conventional coal plants.”
“As a result, coal producers in the U.S. are looking abroad to find willing buyers.”
Crossposted at Wonk Wire.