Using Coal Responsibly
The event was moderated by former EPA Administrator Carol
Browner, and organized by CAP Senior Fellow Bracken Hendricks to discuss policy
tools to drive implementation of carbon capture and storage technology in a new
generation of coal plants, and to ensure a future for coal energy that can
co-exist with the need to manage carbon emissions.
“Global Warming and the Future of Coal” explains that
increased demand for abundant energy resources will result in the construction
of more coal power plants, subsequently increasing the amount of CO2
emissions that contribute to global warming, and overwhelming all efforts to
curb global warming pollution unless near term action is taken. Yet the report
also shows that successfully implementing carbon capture and storage (CCS)
technology on all new coal plants can greatly reduce the amount of carbon emissions
released into the atmosphere.
Panelists discussed how this technology can be paired with
policies that also work to reduce the amount of carbon emissions. One of the
most popular proposals among policymakers is the introduction of a carbon
cap-and-trade system that would create a mandatory cap on greenhouse gas
emissions combined with a system of tradable carbon credits
Yet Sussman, former Deputy Administrator of the EPA,
explained that current legislative cap-and-trade proposals won’t necessarily spur
businesses to implement carbon capture and storage technology because “Many
legislative proposals call for modest caps in early years (2010-2020) and some
have ‘safety values’ limiting carbon price.” He argues that a mandate that
requires new plants to capture and sequester emissions at the highest available
performance level, phased in over a period of seven years, would better ensure
that the next generation of coal plants will be able to capture CO2
emissions, and that the measure is necessary even with a carbon price. Sussman
underscored that a declining cap-and-trade program should also be implemented
to control emissions at existing coal fired power plants.
Sussman’s comments led John Deutch to caution that although
we need to quickly reduce changes in the atmosphere, domestically implementing
CCS technology will be difficult. Deutch, who recently ran a seminal study on
coal plant technology for MIT, called for a full-scale demonstration of CCS
implementation and warned that the timing is urgent and, to date, the resources
are insufficient. He also proposed a carbon tax, which would impose a cost on
fossil fuels based on their carbon content, further saying that such a measure
could help fund such technology research and deployment. The panelists agreed
that resources should also be dedicated to addressing any equity concerns
raised by impacts on the price of energy.
The panelists also commented that rapidly growing countries
such as
Both
Moderator Carol Browner closed by emphasizing that as the
world continues to search for clean, renewable sources of energy, it will be
impossible to avoid the use of abundant coal supplies. Even with aggressive
measures, it will be difficult to reign in CO2 emissions in the face
of a massive boom in traditional coal plant construction. Reducing carbon
emissions from coal use by CCS technology is therefore essential and should be
a top priority for
For more information,
see:
- Global
Warming and the Future of Coal: The Path to Carbon Capture and Storage
- Global
Warming and the Future of Coal event
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