Comment Re:Coal-fired Implications. (Score 1) 162
I have no idea how you don't quite understand the concept of producing a Supply is here. As in the other half of the Demand that is currently asking for it.
Coal demand is elastic. As the price of coal rises or falls, demand decreases or increases. This isn't true of all commodities, but it's true of all commodities that have alternatives. In this case, coal's primary use is power generation and there are many alternatives. A crucial alternative is natural gas, which produces far less CO2 than coal per kWh generated, and is also a better solution than coal for addressing the intermittency of PV and wind, which are the cheapest and lowest-emitting alternatives. Which is why at the same time the Biden administration is moving to reduce the supply of (and therefore demand for) coal, it is moving to increase the supply of natural gas.
This is a good and well thought-out strategy to reduce CO2 emissions at relatively little economic cost.
It's also a politically-savvy move. There is a very small but fairly loud minority in the eastern US that depends on coal mining for their livelihoods. Shutting down that coal production would be politically disastrous. Preventing the expansion of coal mining in the western US will actually help to prop the price of coal up. Propping up the price of coal will reduce demand for coal, but in the short term it will help the existing mining operations to remain profitable. Eventually those eastern mines will close, too, either because demand falls too far or because they are played out, but that's a problem for a future administration.
Personally, I think a carbon tax would be a better strategy, one that would require less direct government meddling with supply and demand and would harness the power of free markets to most rapidly and efficiently reduce emissions, at minimal cost. A carbon tax would also allow us to eliminate subsidies on solar and wind, and would likely make nuclear more competitive. But a carbon tax (and corresponding carbon tariffs, to prevent us from just pushing the emissions overseas) is politically intractable at present, so the government has to use these sorts of narrower and less efficient methods.