Coal use in the US is on the decline, and renewables and natural gas are both expanding to take its place. Courtesy BNEF
It's no secret that environmentalists are going through a bit of an identity crisis when it comes to natural gas. Celebrities including Mark Ruffalo, Matt Damon, and Yoko Ono have aligned themselves with green groups like the Sierra Club to come out steadfastly against gas because of fracking, the drilling technique that harvests most of it, citing concerns about water and air contamination. Meanwhile others, including New York Mayor Michael Bloomberg and the Environmental Defense Fund, have boosted fracking as a "bridge" to wean the US off of coal, and usher in more renewables, a process that is already underway.
But a report released this morning makes it clear that the renewables industry sees itself in the latter camp, forming an unexpected alliance with the natural gas industry, since both groups are intent on giving coal the boot. The informal partnership should be a PR boon to the embattled gas industry, which has spent the last several years trying to allay concerns from the public and policymakers by shouting over the anti-fracking fracas.
[Read more in the Blue Marble blog]