• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
CommentaryEnergy

Why President-Elect Trump Could Disappoint the Coal Miners Counting on Him

By
David Spence
David Spence
Down Arrow Button Icon
By
David Spence
David Spence
Down Arrow Button Icon
November 14, 2016, 6:28 AM ET
Donald Trump
FILE- In this May 5, 2016 photo, Coal miners wave signs as Republican presidential candidate Donald Trump speaks during a rally in Charleston, W.Va. Trump's election could signal the end of many of President Barack Obama's signature environmental initiatives. Trump has said he loathes regulation and wants to use more coal and expand offshore drilling and hydraulic fracturing. (AP Photo/Steve Helber, File)Steve Helber—AP

Most prognosticators thinking about energy policy in a Trump Administration foresee a reversal of the Obama Administration’s efforts to combat climate change and a series of regulatory and legislative adjustments designed to favor fossil fuels and disfavor renewables in energy markets. These predictions make sense given the strong support for Trump in coal-producing states and the fact that the Trump EPA transition team is led by a climate science denier. Trump has said that climate change is a hoax, “created by and for the Chinese in order to make U.S. manufacturing non-competitive.” It is also true that a Trump Administration will be able to repeal existing rules regulating pollution from fossil fuel combustion — including the GHG emissions rules under the Clean Power Plan – without the need for congressional approval.

That is a shame because the benefits of those rules exceed their costs by a substantial margin — not just nationally but within each individual electricity market region — as demonstrated in my latest paper with UT Austin Law Professor David Adelman.

But let’s assume that the Trump Administration repeals EPA’s Clean Power Plan and the Mercury and Air Toxics Rule, and repudiates the Paris Accord on climate change. That does not mean that coal-fired power will resume its historically dominant position in the electricity generation mix, for several reasons.

First, states must approve the construction of new electricity generation units and strong majorities in many states remain opposed to coal-fired power, irrespective of what the preferences of a Trump Administration might be. Second, many states actively favor renewables in electricity generation, and even in places that don’t, the word has gotten out that coal combustion is far deadlier to humans than any other electric generation source — including natural gas. Consequently, plans to build new coal-fired power stations will meet a mountain of resistance everywhere.

True, the repeal of the Clean Power Plan and the mercury rule could delay the demise of the hundreds of old and aging existing coal-fired power plants on the electric grid. Repeal will enable some to avoid the installation of new equipment that would control emissions of mercury and air toxins or to delay closure that would have been forced by state implementation of the Clean Power Plan.

But these delays will have only a marginal effect because coal-fired power will find it increasingly difficult to compete in modern electricity markets. Utility-scale wind, solar and natural gas-fired power are each cheaper today than coal-fired power and that gap is growing wider. Irrespective of federal regulation, these competitors will continue to crowd out coal. Even in states that wish to favor coal-fired power, it will be difficult to convince ratepayers that they ought to pay more for electricity from coal than they could pay for electricity from alternative sources.

Voters in coal producing states who believed Trump on the campaign trail when he told them that he would bring back coal mining jobs will be disappointed. To borrow a phrase from Bruce Springsteen, those jobs are going, “and they ain’t coming back.”

On the other hand, voters concerned about climate change remain concerned about reliance on natural gas because natural gas (methane) is itself a potent greenhouse gas. It is a tricky issue in some ways because inexpensive natural gas has driven reductions in much more heavily polluting coal-fired power and may be the most efficient source of backup power in a future grid dominated by renewables.

The Environmental Defense Fund has been doing the most level-headed and intellectually honest work on this issue, and the EPA has been working toward rules that would force the industry to reduce leakage from natural gas infrastructure. Those rules are in jeopardy now.

It seems likely, that for the next four years voters, NGOs, and state officials who care about climate change will have to fight a multi-front war against an administration that, frankly, doesn’t care about the issue. This federal policy reversal will be discouraging to many, particularly since conventional wisdom suggests that American action on climate change is a necessary predicate to strong action by China and India.

However, perhaps, as others such as UCLA Professor Ann Carlson have suggested, China may see the United States’ withdrawal from international leadership on this issue as an opportunity to fill an important role on the international stage, and enhance its influence and stature as an emerging great power. Time will tell.

David Spence is Professor of Law, Politics & Regulation at the University of Texas at Austin, where he teaches in both the McCombs School of Business and the School of Law.

 

About the Author
By David Spence
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

brotman
CommentaryVenture Capital
I’ve spent 25 years in venture capital. Here’s how it quietly shut ordinary Americans out of the AI wealth boom—and what could fix it
By Steve BrotmanMay 22, 2026
7 hours ago
cox
CommentarySuccession
McKinsey studied 200 family business successions. The biggest problem wasn’t the heir — it was the outgoing CEO
By Acha Leke and Chaitali MukherjeeMay 22, 2026
8 hours ago
himanshu
CommentaryLayoffs
I’ve led companies through every major tech disruption. AI washing is the same mistake, every time
By Himanshu PalsuleMay 22, 2026
11 hours ago
trump
CommentaryWhite House
Trump Accounts have a bigger problem than billionaire stock donations
By Jin Huang and Stephen RollMay 21, 2026
1 day ago
brigham
CommentaryRailroads
The U.S. freight network is broken by design. One merger could start fixing it
By Brigham A. McCownMay 21, 2026
1 day ago
Elon Musk sits with his fists together, looking up.
Commentaryspace
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don’t squander it
By Tejpaul BhatiaMay 20, 2026
2 days ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
1 day ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
3 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
2 days ago
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
AI
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
1 day ago
Current price of oil as of May 21, 2026
Personal Finance
Current price of oil as of May 21, 2026
By Joseph HostetlerMay 21, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.