Green Energy’s Impact on the Economy | Business

The world still depends heavily on coal, oil and natural gas to meet its energy needs. However, the use of these energy sources has a drastic impact on the environment. Furthermore, fossil fuels are nonrenewable, so they won’t last forever. As their supplies dwindle, they’ll become more expensive and challenging to retrieve while still damaging the environment.

In response, more countries are shifting away from nonrenewable energy sources and turning to “green energy” to mitigate environmental damage while benefiting the economy. We’ll explore green energy, its economic and environmental impacts and how businesses can take advantage of renewable resources.

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Coal-fired power is on the rise in America for the first time since 2014 | CNN

In a blow to the climate movement, US power companies are ramping up their coal consumption due to surging natural gas prices.

US coal-fired generation is expected to surge by 22% in 2021, the US Energy Information Administration said Monday. That would mark the first annual increase in coal-fired electric power generation since 2014, the EIA said.

Coal was long the main fuel source for the US power grid — even though its environmental footprint is the largest.

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