Insights · July 17th, 2015

Wyoming Coal Mine, photo credit Wikipedia
Wyoming Coal Mine, photo credit Wikipedia

One of the most interesting future trends today is the ongoing decline in the coal industry. Many coal companies are facing financial difficulty as the price of coal drops in the face of competition from natural gas and renewable sources for generating electricity. This story is about another company, Alpha Natural Resources of Wyoming, being suspended from the New York stock exchange as its shares fell to 24 cents, and the company is rumored to be considering bankruptcy. It seems a safe forecast to say that coal’s days as a primary source of electricity generation are coming to an end and that coal will be phased out almost completely, or completely, at the least in the U.S., in the coming one or two decades. The future demise of coal is about to become the present.

Electricity Generation by Fuel Type, April 2015, EIA Chart
Electricity Generation by Fuel Type, April 2015, EIA Chart
Category
Business & Economy Environment & Energy
NikolasBadminton_ChiefFuturist

Nikolas Badminton

Nikolas is the Chief Futurist of the Futurist Think Tank. He is world-renowned futurist speaker, a Fellow of The RSA, and has worked with over 300 of the world’s most impactful companies to establish strategic foresight capabilities, identify trends shaping our world, help anticipate unforeseen risks, and design equitable futures for all. In his new book – ‘Facing Our Futures’ – he challenges short-term thinking and provides executives and organizations with the foundations for futures design and the tools to ignite curiosity, create a framework for futures exploration, and shift their mindset from what is to WHAT IF…

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