The U.S. coal industry chalked up a couple of rare wins this summer. First the Supreme Court issued a ruling limiting the government’s ability to regulate greenhouse gas emissions from power plants. Then President Joe Biden’s climate plan stalled in Congress again.
But while some specific threats to the industry have subsided, that doesn’t mean coal-fired power plants will make a comeback.
As an economist, I analyze the coal industry, including power plant construction and retirement plans. I see three main reasons U.S. coal plants will continue to close down.