More money will be spent on new coal-fired power plants in the next decade than on all other energy generation technologies combined. But the mix in the 2023-2033 timeframe is less predictable. It takes years to plan and then construct a new coal-fired power plant, so near-term predictions for new coal capacity can be made with confidence. Nuclear power plants take even longer. Wind and solar construction cycles are much shorter. Renewable energy is turning out to be more expensive than proponents had hoped. As a result, new construction relies on subsidies rather than competitive pricing. So future use depends on progress in cost reduction or continuation of subsidies. Both are fraught with uncertainty. Click Here For Complete News Release Text
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