Technology, not regulation, will kill coal fired power

British banking giant Barclays downgraded the entire electricity-generating sector of the US high-grade corporate bond market because of the challenges posed by renewables and the fact that the market isn’t pricing in those challenges.

The thesis from the Barclays credit team is that it’s not so much regulations that will choke off coal burning, but technological advances.

And it’s serious money Barclays is talking about.

2015-10-23T11:27:16+00:00