Would Scrapping U.S. Subsidies for Renewable Energy Revive Coal?

If federal subsidies for renewables get phased out, will U.S. coal stage a comeback? In other words, will wind and solar get crowded out?  That was the question posed by one industry veteran at the Platts Coal Marketing Days conference in Pittsburgh on Tuesday and here’s how a panel of experts responded: Eric Murray, who manages coal supply for the Tennessee Valley Authority, pointed out that much of the pressure to prioritize renewables is actually coming from large corporations. These are major customers for the TVA, he said, and they often require that they get 100 percent of their power from renewables before agreeing to open facilities in the region.

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Source: Bloomberg

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