|November 03, 2007|
Program to Accelerate the Deployment of CO2 Capture and Storage
|A Program to Accelerate the Deployment of CO2 Capture and Storage: Rationale, Objectives, and Cost is the first in a series of Pew Center papers that explore strategies for addressing CO2 emissions from using coal to provide electricity. |
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:
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).