Coal showed momentous growth in April but nothing such that it was a moment that the industry could use as a chance to celebrate. As per the reports published by the Institute for Energy Economics and Financial Analysis (IEEFA) in America, a large amount of energy is generated using hydro, geothermal, wind, solar, and biomass sources than coal-fired factories in April. The US is the first one to take a step towards a tipping point in the nation’s switch to renewables. The US has decided on using coal as the source of energy and not abiding by the clean energy norms.
According to a Research Analyst Dennis Wamstead at IEEFA, when the past 5 Years are considered then such a sudden hike in the energy sector is something that was highly unexpected. The unexpected transition that is taking place in the electric sector appears to be a fluke rather than something well-calculated. Currently, the US is facing a phenomenal growth in the electric sector. The bunches of data obtained from the U.S. Energy Information Administration show that the U.S. Department of Energy’s statistical and analytical agency that is the IEEFA assumes the coal generation to experience a slight drop in the renewable this month and followed by a sporadic rise in the later of 2019 up to 2020.
In the industry dealing with coal, the monthly and quarterly rise and fall during the generation share is considered unimportant. There are many changes occurring in the electric generation sector and it can be an indicator of the futuristic scope. The clean energy generation is currently pacing up with the coal industry that too at a faster pace. Donald Trump had clearly mentioned that he wishes to save coal miners for more of the energy generation and help the coal industry boom in the coming years. Trump has clearly believed in ignoring by Barack Obama’s bill put forth against renewable energy usage.###