The EPA on recently announced new regulations that would see a limitation on the amount of carbon produced by new power plants in the U.S. These rules would allow sustainability for the coal industry by implementing the expensive, albeit early-stage carbon capture technology as a means of a cleaner future. The innovation of this technology isn’t the only hurdle though, with market demand potentially posing a problem.
While many think this is a positive move by the EPA, coal industry companies argue that this will only stifle innovation into clean-coal technology. Further statements argue that this expensive and energy-intensive technology could reduce the total power generation of their plants by a staggering 30%.
Despite these regulations and the hopes of the EPA, the future for this technology looks grim. The cheap and bountiful resources of natural gas alone threaten to make coal obsolete, and without a market for coal there would be a similar effect on the technology for carbon capture and storage. This doesn’t stop the motivation of some natural gas companies however, who anticipate the integration of these rules in future and have started to begin innovation with CCS.
For more information, read here: http://www.csmonitor.com/Environment/Energy-Voices/2013/0920/New-EPA-rules-Coal-s-future-depends-on-cheap-carbon-capture