While natural gas overtook coal back in 2016, now it's [Only registered and activated users can see links. ] as well.I take no joy from people's loss of livelihood. Coal is going the way of tobacco and creating Detroits.America's coal industry has already been left in the dust by natural gas. Now it's under immense pressure from the renewable energy boom.The renewable energy sector had slightly more installed capacity than coal in April, according to a Federal Energy Regulatory Commission report.
That means US power plants can produce more energy from clean sources than coal for the first time in history, according to the SUN DAY Campaign, a nonprofit research group supporting sustainable energy. The breakthrough reflects the plunging cost of solar and wind as well as heightened environmental concern about coal.
"Coal has no technology path," said Jeff McDermott, managing partner at Greentech Capital Advisors, a boutique investment bank focused on clean energy. "It's got nowhere to go but extinction."