These guys think wasting 30-50% of your resource is a profit-maker: When Clean Coal is King
By Damon van der Linde – Exclusive to Coal Investing News
Although there have been calls to ban coal as a source of energy because of the amount of pollutants released by power plants that are harmful to people living nearby—as well as being a major source of anthropogenic climate change—the world’s largest emerging economies have no plans to phase out this fuel as energy needs continue to grow. Instead of phasing out the use of coal, analysts see the trend leaning more towards the development of “clean” coal technologies.
“With all the concerns about climate change, pollution, etc., the logical conclusion is that “clean” coal carbon capture and storage technologies will be the technologies of the future because they allow coal to be reconciled with the environment,” said Emmanuel Fages, Head of CO2, Gas, Coal and Power Research for Orbeo, an international emission trading company.
Historically, the focus on “clean” coal technologies was more on the atmospheric aspect, removing sulfur dioxide and particulates that caused acid rain. Now, attention has shifted to also include carbon dioxide, a leading cause for anthropogenic climate change. The latest terminology for “clean” coal technology is generally dubbed Carbon Capture and Sequestration (CCS). (Resource Investing News)
Research highlights huge carbon storage potential beneath Moray Firth and predicts industry will support 27,000 jobs by 2020
By BusinessGreen staff
15 Mar 2011
Researchers have tipped the UK to bag a £10bn share of the worldwide carbon capture and storage (CCS) market by 2025, after a report found rocks under the Moray Firth could hold up to a century’s worth of CO2 output from Scotland’s power industry.
Yesterday’s report predicted the industry could grow to support 13,000 jobs in Scotland and another 14,000 elsewhere in the UK by 2020.Scottish Carbon Capture and Storage (SCCS), the government-funded body that produced the report, said the industry could grow even further if provided with adequate support.
The results are particularly significant given that the EU has said three of the eight CCS plants it plans to fund under its demonstration programme must inject into saline aquifers such as the Captain Sandstone rock found beneath the Moray Firth. (BusinessGreen)
See our climate features page for why CCS is a total loser.