Program to Accelerate the Deployment of CO2 Capture and Storage
This white paper analyzes one strategy for accelerating the deployment of carbon capture and storage (CCS) by the coal-fueled electricity generation industry.
This strategy involves providing reimbursement for the incremental costs of installing and operating CCS systems, with reimbursement provided for retrofitting existing coal-fueled electricity generation plants with CCS, incorporating CCS into new plants, and launching large-scale demonstrations of geologic storage of carbon.
One of the most significant challenges in addressing global climate change is reducing greenhouse gas (GHG) emissions resulting from the use of coal. Coal use, primarily for the generation of electricity, now accounts for roughly 20 percent of global GHG emissions.
Rising energy demand will continue to drive up coal consumption, particularly in countries with large reserves such as the United States, China, and India. By 2030, GHG emissions from coal-fired power plants in these three countries alone may be equivalent to one-fourth of total global energy-related emissions today.
To avoid—or minimize—dangerous human interference with the climate system and at the same time ensure adequate, affordable energy supplies, it is critical that these and other countries adopt policies and technologies that enable continued use of coal while dramatically reducing its GHG emissions profile. To help address this challenge, the Pew Center is undertaking a major initiative to identify policy options for reducing coal-related GHG emissions. This initiative will produce a series of papers examining:
- Technology pathways for future coal use, both for power generation and other potential end uses, that will assist in reducing emissions, particularly by enabling the introduction of carbon capture-and-storage (CCS) technologies; and
- Policy options at the national, state, and international levels to drive the deployment of advanced generation technologies and, ultimately, widespread capture and sequestration of coal-related GHG emissions.
These papers will be undertaken in collaboration with leading experts and with advice and input from a Consultative Group of experts, policymakers, and stakeholders. Please click on report titles in the “Related Content” box to view the Coal Series white papers.
The report was prepared for the Pew Center on Global Climate Change, October 2007 By: Vello A. Kuuskraa, President, Advanced Resources International, Inc.
Download the full white paper (pdf).
Source: PEW Centre on Global Climate Change .
You can return to the main Market News page, or press the Back button on your browser.