Utilities that run most U.S. power plants have not widely adopted expensive technology promoted by the Environmental Protection Agency (EPA) to curb carbon emissions, E&E News reported Tuesday.
Despite the Biden administration making tax credits and other subsidies available to encourage CCS adoption, most of the nation’s 10 largest utilities have failed to meet the deadlines set by the EPA. No plans yet to introduce carbon capture and storage (CCS) technology. , according to To E&E news. The EPA has touted “carbon capture” technology as an effective means of reducing power plant carbon emissions by 90% by 2038, but the standard will not apply to coal in the proposed May 2023 emissions regulations. It will effectively be imposed on thermal power plants and gas-fired power plants.
CCS technology theoretically reduces carbon emissions by capturing, compressing and burying emissions or using them in manufacturing. according to to the International Energy Agency. The EPA is promoting his CCS technology as a way to significantly reduce emissions while minimizing the likelihood that conventional power plants will be retired due to regulations. according to to that website.
According to March 2023 statistics, power plants with CCS technology could generate up to twice as much electricity as current alternative power plants. report From the Institute of Energy Economics and Financial Analysis.
According to E&E News, Emily Sanford-Fischer of the Edison Electric Laboratory said, “The industry in general doesn’t have a lot of incentive to deal with emerging technologies.” The technology has not yet been developed to the scale necessary “for the industry to really rely on it substantially,” she added. (Related: Jason Isaac: The Carbon Capture Scam)
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“One of the challenges with CCS is making it economically viable at scale,” said Scott Blake of Ohio-based utility American Electric Power, according to E&E News. . According to E&E News, Blake added that “regulatory and economic factors” have contributed to the slow adoption of CCS technology in U.S. factories.
Various utilities have canceled five CCS deployment projects in the last 15 years. according to To E&E news.
The EPA says coal-fired power plants must adopt the technology by 2040 or shut it down under emission reduction rules. The agency estimates that emissions controls and CCS promotion will cost the power industry $10 billion to $14 billion.
According to E&E News, out of a total of seven CCS projects so far undertaken by the country’s 10 largest utility companies, only three have operated without direct government subsidies. Many energy experts say EPA’s plans to rely on CCS installations are likely to prove ineffective and/or uneconomical.
EPA’s proposed rule aligns with President Joe Biden’s rule the goal The U.S. power sector aims to achieve net zero carbon emissions by 2035 and the economy as a whole to reach net zero emissions by 2050.
Just weeks after the Federal Energy Regulatory Commission’s main power grid regulator warned of possible “catastrophic consequences,” Mr. Biden said he would “not build new coal plants in the United States” because it was “too expensive.” No one will build it,” he boasted. The United States must stop encouraging the early retirement of coal-fired power plants.
The EPA did not immediately respond to the Daily Caller News Foundation’s request for comment.
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