Bloomberg: Coal And Gas Plants To Become ‘Expensive Back-Up Power For Cheap Renewables’

A stunning new forecast on “peak fossil fuels for electricity” by Bloomberg New Energy Finance (BNEF) concludes that “coal and gas will begin their terminal decline in less than a decade.”

It’s been clear for a while that coal demand is plateauing, if it hasn’t already peaked. But BNEF explains that of the “eight massive shifts coming soon to power markets,” #1 is “There Will Be No Golden Age of Gas.”

Here is the core finding of BNEF’s “annual long-term view of how the world’s power markets will evolve in the future,” their New Energy Outlook (NEO):....
http://thinkprogress.org/climate/2016/06/13/3787700/coal-gas-plants-cheap-renewables/