In a blog post from today, Grist reporter David Roberts’ argument that “we’re going to burn the coal anyway” is a bad reason to invest in carbon capture and sequestration (CCS). His rationale? The technology is “not a low-cost alternative” and “not a modification of existing infrastructure.”
His last two points are accurate, but those seem to be no reasons to abandon efforts to leverage CCS technology.
In the long term, we need to take a look at the cost/benefit analysis, and, yes, CCS is going to be expensive. Even a study last month from the International Energy Agency said that businesses and governments will need to invest at least $2.4 trillion by 2050 to capture carbon dioxide from power plants and store it underground. However, the upside will be once CCS is commercially deployed: It could cut carbon dioxide emissions by 90 percent while limiting cost increases.
That’s one reason ACCCE is urging the federal government to partner with the private sector to help drive down the costs of commercial deployment.
In fact, many energy companies with clean coal projects – such as American Electric Power’s Mountaineer project in New Haven, W.Va. – have requested federal stimulus funding to ensure more efficient generation of electricity from coal.
And research groups are urging the government for financial assistance. Last week, Massachusetts Institute of Technology President Susan Hockfield told Bloomberg News that the lack of government investment in energy research is increasing the risk to national security and hindering the creation of breakthrough technology.
Researchers, scientists and engineers are working to perfect the science behind the technology to ensure we have enough energy to meet future demand.
The fact is, we rely on coal today and will continue to do so for the foreseeable future – a point Roberts acknowledged in his blog post. And that’s reason enough for us to continue investing in CCS technology to help reduce emissions even further.
