April 12, 2025
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5:36Now PlayingDonald Trump makes a fool of himself as he mocks workers in front of them during speech announcing executive orders to restart coal plants, which reports reveal is counterproductive to his economic goals while also lying about the coal energy plan to be clean energy. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Restarting coal plants after Trump's executive orders makes no economic sense, report says
"April 10 (Reuters) - U.S. President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday.
Trump's executive orders could potentially delay the closure of coal-fired power plants and encourage the restart of 102 recently shut coal-fired units, IEEFA said in a report.
According to the report, the units, which have a total generating capacity of 36,566 megawatts (MW), were closed over the past four years. Very few of them, however, are reliable candidates for a restart.
The median age of the retired plants is 56 years and as coal plants age, maintenance costs also rise, subsequently pushing up generation costs. In addition to these costs, any unit considering a restart would need to complete a sizable and expensive backlog of required maintenance, IEEFA said."
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