The market has spoken: Coal is dying
In the face of those efforts to rescue coal country, America's aging fleet of coal-fired power plants continues to shrink. Approximately 15% of America's coal fleet has been retired since 2017, the year Trump took office, according to Platts. To get there, PSEG is retiring coal plants, investing heavily in offshore wind and fighting to keep nuclear plants alive. Those trends will only amplify the pain in America's coal country, where employment has plunged. Carbon tax would speed coal's demiseAnother problem for coal: America's existing coal plants are very old, and new ones aren't getting built.