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US energy to get rid of coal by 2033, according to forecast
The past autumn showed that everything in the USA is very difficult wherever you look. The newly elected president and future members of his team intend to bring to life a lot of interesting, but also controversial, with all possible energy. For example, Biden’s team intends to accelerate the US transition to green energy. At the same time, the country sits on oil, coal and gas, which gives millions of jobs and budget revenues. And giving up on this requires careful analysis.
Somewhere in Wyoming
Just the other day, the well-known American financial conglomerate Morgan Stanley made an analysis of the situation. According to Morgan Stanley analysts, in the coming years, coal in the United States will be mainly replaced by renewable energy sources. Analysts expect the share of renewable energy to reach 39% in the US energy sector by 2030, and 55% by 2035. Thus, coal from the electricity generation system in the United States will completely disappear by 2033 or about 12 years later.
Interestingly, the laws of many states prohibit the use of coal in power plants, or rather, they tighten the rules, stimulating a reduction in the carbon footprint of generating capacities. At the same time, as noted in the US Energy Information Administration, the share of coal in electricity production will grow from 20% in 2021 to 22% in 2021 and to 24% in 2022. But this anomaly is to blame for an unexpected rise in natural gas prices, the cost of which promises to grow by 48% in 2021. Analysts from Morgan Stanley propose to turn a blind eye to this anomaly and not consider it a trend. Pursuit of clean energy above all else.
Apparently, the federal authorities will greeted with enthusiasm Morgan Stanley analyst. A couple of days ago, former Michigan Governor Jennifer Granholm was elected by the Senate to the post of US Secretary of Energy. As Reuters previously reported, “Granholm wants to orient the department to help the United States compete with China on electric vehicles and clean technologies such as modern batteries, solar and wind power.”.
A number of senators, especially from the coal regions of the United States, met with hostility against Granholm’s candidacy. For example, Senator John Barrasso from Wyoming said, “I cannot support the Biden administration’s program that deprives my voters of jobs and kills the economies of the communities in which they live.”. It looks like the next four years will be full of interesting events for American citizens. And by the way, we believe in science, but winter cannot be canceled by voting in the Senate. At least not in this millennium.