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Former Energy Secretary Alfonso Cusi on Tuesday described the Department of Energy’s coal moratorium implemented in 2020 as a well-considered policy move despite criticisms.
“It’s crucial to understand that while the moratorium applied to new greenfield coal-fired power projects, existing brownfield and expansion initiatives, including those with secured financial backing, remained unaffected,” Cusi said. “At the time of its implementation, the grid boasted sufficient baseload capacities but required greater investments in mid-merit and flexible power generation capabilities,” he said.Cusi said the moratorium aimed to align with the global momentum towards renewable energy transition while upholding the reliability and stability of the grid.
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