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Two crazy charts--in terms of pace of change in electric power sector in the United States--change that has actually only accelerated for economic reasons during Trump. Coal as a fuel source dropping so fast that by 2021, renewables will generate more power, according to IEEFA
Here is a full piece on this historic transformation. You plug in your TV or toaster, and power still comes out. But the source of that power in the US has RADICALLY changed over the past decade, even if you have not noticed. ieefa.org/ieefa-update-r…
What this really says is that politics actually matters so much less than economics, when it comes to forcing change in society. It is why capitalism works better than communism. Markets adapt to price and supply way faster than any regulation or gov agency can force change.
I first wrote about this transformation back in 2012, when I visited a coal-burning power plant in Kentucky, in the heart of coal country in the U.S. that was shutting down for economic reasons. nytimes.com/2012/12/20/bus…
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