There are multiple factors that have led to renewable energy’s dominance over Trump’s favored fuel source. One is the unmistakable impact of coronavirus, which has caused the demand for electricity to plummet. With fewer offices and businesses open and almost no major indoor gatherings taking place, the electrical grid has been given a break. Coal plants are typically more expensive to operate than natural gas or renewable alternatives, so they have been the first to get cut.
While the pandemic has certainly accelerated coal’s decline, it isn’t the full cause of its demise. According to the Department of Energy, the cost of setting up wind farms dropped by 40 percent between 2009 and 2019 while solar costs were cut by 80 percent across the same timeframe. Last year, experts found that solar and wind had become cheaper energy sources than coal. Even among dirty-burning fuels, coal is now a distant second to natural gas, which, as a result of the abundance of fracking, has become considerably cheaper. Continue reading.