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How Booming Electricity Demand Is Stalling Efforts to Retire Coal and Gas, in Charts
Keywords: Us Outlook Of Carbon Emissions In 2024,
Tags: Current Focus, Early Warning, Climate Change Action, United States, Information Technology, Oil & Gas, Renewable Energy, Capital Markets, The Economy, Movement for Renewal of America, Climate, 1. Climate Change Action, 2. Cost of Living Action, 5. Bringing Jobs and Factories to the US, 7. Democracy Support Action, 8. U.S. Investment by Government+ Private, 10. Health- Body/Mind Wellbeing for All ,
The demand for electricity in US electricity power markets shows the demand growth for electricity doubled in 2024 forecasts compared to 2023 forecasts. Increased electricity demand was shown for Texas and the western US. The outlook for carbon emissions in 2024 is for higher energy demand and meeting of the extra demand by keeping coal plants running for longer and not retiring as many coal plants as predicted in 2023 outlook for carbon emissions. This is a major concern from the point of view of climate change action. According to the Department of energy since beginning of 2022 547 fossil fuel powered generators were predicted to be retiring. 36% of these had their retirement dates pushed back to keep the grid's reliability.
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