[jillesvangurp]

It's definitely economics; and that's before you factor in carbon cost and looming potential for expensive law suits because of people filing for damages (think tobacco industry). Any remaining coal plants will be under a lot of scrutiny in a few years.

Gas plants are much better from that point of view but still too expensive. Renewables are really killing it on the cost front and with viable energy storage solutions coming online even a role as peaker plants is not going to be a long term thing for gas plants.

Economics are also the reason nuclear is not happening. It's just too expensive and risky for operators to get involved in. When prices below 0.02$/kwh are becoming normal for new solar bids, that kind of puts the squeeze on everything else. Even gas. And there is no sign of this being a final price, this will likely dip well below 0.01$ at some point.

The only reason for investments like this is short term gains while production capacity for clean energy simply can't cover the whole market just yet. So converting coal plants makes sense to replace expensive capacity with slightly less expensive capacity while enough cheap capacity to replace it is short term just not there yet.