Why climate legislation must provide support for CCT

We talk a lot on this blog about our belief that technology will be the ultimate answer to climate change, but I heard a fact today at the Clean Carbon Policy Summit in Austin that illustrates just how important technology is to worldwide reduction of carbon dioxide emissions: In the past several years, China has built enough coal-based generation to equal that of the entire US fleet – and in the next 20 years they will do it again.

What good will U.S. regulations do if they don’t provide adequate funding and support for clean coal technologies? Not much, if that stat holds true.

Luckily, it seems that a lot of very smart and important people also believe in the power of technology. In fact, the consensus among conference attendees and presenters was that we will need a suite of technologies, deployed across all energy platforms in order to meet both our growing demand for affordable, reliable power and carbon dioxide emissions limits – whatever those may be.

And though carbon capture and storage – especially CCS deployed over the existing power plant fleet – was widely discussed as the best bang for the buck in terms of the long-term cost of carbon containment, we need strong leadership and increased funding to reach that point.

AEP’s Paul Loeffelman, speaking on a panel about national carbon policy and the challenges facing the power generation industry, took that message one step further by extolling the need for policy support and the creation of public/private partnerships in order to see technologies fast tracked to full-scale commercial deployment without dramatically increasing electricity rates.

He also discussed the legislation pending in Washington – very timely considering the current Senate hearings on the Kerry-Boxer bill. A divisive subject for sure, especially given the anti-climate bill stance of the Texas executive branch, but many attendees supported some type of Federal bill, especially one that keeps costs down and provides increased funding for advanced clean coal technologies.

That’s good news to us at ACCCE, as we are working to ensure that any legislation is committed to developing clean coal technologies, contains a reasonable timeframe for emissions reductions and keeps costs affordable.

See more from the Clean Carbon Summit at www.cleancarbonsummit.com.