With the walls of alternative fuels closing in on the once versatile energy source, coal has witnessed a gradual decline in demand over the past few years and is slated to no longer being seen as the primary source of sustainable energy. Rising costs of coal extraction and stricter emission regulations by government bodies like the Environmental Protection Agency (EPA) have threatened to end to coal’s reign as the energy source of choice. But a new spray on catalyst from an innovative company, Burn Less Coal’s catalyzing solution holds promise to breathe fresh life into coal’s future, and can even finance investment into zero discharge coal power.
New York, September 21, 2015 -- The impact of the government’s Clean Air Act has set the stage for the decline of coal and has set in motion a chain of events that could transform coal completely by the end of the next decade. Recent coal demand surveys have also revealed that the coal industry has witnessed almost no increase in demand for nearly 7 years, which could soon translate in a complete seizure of sale and extraction as early as 2030. The devastating economic downturn of 2007 has also had a profound effect on the use of coal, with many western countries no longer considering it to be a feasible source of energy though its use is growing in the developing world.
Formed by centuries of decomposition and compression of vegetation other bio organisms, coal has had a rollercoaster ride over the past few decades as it began to be replaced with cleaner, and more efficient means of energy production, since its peak during the mid-1900s. Touted as an efficient, non-renewable source of energy, coal has lost favor with some government types, industry experts, and environmentalists alike, demanding a paradigm shift in focus to lower-polluting and more efficient sources of renewable energy without a sound strategy for what could replace it.
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