GE Blasts Administrations ‘Clean Coal’ Report
Friday, August 13, 2010 at 12:20 pm
GE Energy, which has been a vocal proponent of so-called “clean coal” technology, is none too pleased with the Obama administration’s interagency report on the issue, released yesterday.
The report, which outlines a plan for commercializing carbon capture and storage (CCS) technology, finds that while there are no “insurmountable” barriers to deploying CCS technology, a number of barriers exist.
Paul Browning, a GE Energy vice president, said in a statement that he is “disappointed” the report because it does not identify enough solutions, particularly to the key issue of providing market incentives for CCS development.
The report, he said, “missed a key opportunity to address the most serious impediment to achieving this goal: the current lack of market drivers that either lower costs or create financial incentives for power companies to invest in advanced CCS technology.”
He continues:
While the report discussed this challenge in depth, it did not offer recommendations for concrete action. We agree that a price on carbon would be the strongest and most economically efficient incentive; absent legislation, however, the Administration can and should create strong incentives for commercial-scale CCS deployment in the near term.
As I noted yesterday, CCS technology, whereby harmful carbon dioxide emissions from coal plants are collected and sequestered deep in the ground, is seen by many in the administration as the only hope for continuing to rely on the nation’s abundant supply of coal. While the administration has called for a transition to renewable energy sources like wind and solar, coal with CCS is seen one near-term way to reduce greenhouse gas emissions.
But many environmentalists argue that CCS is an expensive and unrealistic pipe dream, citing soaring cost estimates and delays in demonstrating the technology on a commercial scale.
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Pingback posted August 13, 2010 @ 12:35 pm
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Pingback posted August 13, 2010 @ 1:06 pm
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Comment posted August 13, 2010 @ 5:43 pm
Putting Carbon Dioxide in ground will come back to bite us in the ass.
This is another band-aid form of garbage storage that will co-mingle with our water supply or could eventually out gas somewhere.
There are better and cheaper methods to cleaning up CO2.
If interested look up Advanced Plasma Industries.
Comment posted August 13, 2010 @ 7:12 pm
The quotes don't constitute a blast of the report, at least not in my eyes. GE simply seems to be acknowledging that the market needs a push to develop the technology, and that the recent report does not do that. If GE wanted to “blast” somebody it should go after the Republican's in the Senate who threaten to filibuster anything having to do with cap and trade or a carbon tax, and go after the nay-sayers in the National Chamber of Commerce who prefer to hide their heads under their pillows rather than confront the reality of global warming.
Pingback posted August 13, 2010 @ 9:02 pm
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Trackback posted August 14, 2010 @ 12:18 am
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Pingback posted August 14, 2010 @ 6:26 am
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Comment posted August 14, 2010 @ 9:40 am
1. The world economy today turns its focus to austerity, deficit reduction as all eyes are on the full recovery.
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2. The vast deficit from huge oil imports plus trade deficit with China points to job loss while most analysts are looking forward to the miracle, full recovery. Against this backdrop, the hands-off approach on such challenge sharply contradicts the chanting of mounting debt.
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3. I'm dwelling in one of the developing countries where most folks are distressed with the too high fuel costs severely, with their discretionary spending nearly out of reach while the USA still holds multi-national firms all over the globe.
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4. Health care issue in the USA is domestic, though, affordable energy base is believed to be a matter of survival throughout the world. Naturally the USA, a central market, needs to take a bold step into renewable energy, electrification of transport so that the international economy can be back on its feet. Beyond that, the world-wide economy is eagerly awaiting a new comer as a catalyst just like an IT business as the gigantic capital for investment is sitting idle.
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Renewable energy, Health Care bill are fundamental parts of change without which the nation is unable to sustain its growth. The stimulus package alone might be insufficient to ride out this economic storm.
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5. Today, the USA faces a crucial choice between war / demolition & renewable energy / security. In case costly war, military spending is redirected to positive change, it would be sure to turn around the sagging economy.
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Right after the USA had celebrated the progress in Iraq, just before GOP candidates had been on the cusp of taking office in the previous presidential election, this recession took a big toll on the economy, reflecting costly war, military spending worked against its growth.
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6. Thankfully, just as insightful Al Gore predicted, even if fewer people then agreed with his claim, recent findings show that tangible increase in the renewable energy is economically and technically feasible. And the battery price of EVs is set to drop significantly in a couple of years.
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7. It might be important to recall that the tipping point of $145 a barrel two years earlier, the persistent pain at the pump forced current economic slump.
As we are well aware, the high gas prices had prompted soaring consumer prices and inflation pressures, as a direct consequence, the Federal Reserve Bank
raised key interest rates on end followed by surge in mortgage rates, taking a heavy toll on the construction, financial market.
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8. It might not be the time to swing to status-quo leaning on the burgeoning recovery as the world-wide stimulus package barely propping up the fragile recovery faces scale-back, and the developing countries are plagued by high fuel prices.
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In this tough economy, the existing oil prices appear to realistically equal the highest price two years earlier. Worse still, for necessity, the cost tends to soar surprisingly when the supply fall short as we saw it at times.
Pingback posted August 15, 2010 @ 6:51 am
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Trackback posted August 15, 2010 @ 11:42 am
Anthony still undecided on extension (AP)…
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Pingback posted August 15, 2010 @ 6:13 pm
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Pingback posted August 15, 2010 @ 10:04 pm
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Pingback posted August 15, 2010 @ 10:15 pm
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Comment posted September 3, 2010 @ 7:06 pm
hilarious parody about clean coal: http://www.youtube.com/watch?v=XueFGbvwiSE
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