CO2 capture likely to increase price of coal-fuelled electricity generation
This entry was posted on Friday, March 26th, 2010 and is filed under Green Energy, Industry News.
The cost of electricity generated from coal will increase relative to renewable energy as the world develops and implements technologies that curtail carbon dioxide emissions at coal-fired generating plants, international experts said on Thursday in Vancouver.
Panellists at Globe 2010 sessions on carbon capture and storage said the cost of removing CO2 from the emission stacks at coal plants adds to the price of power production — and that it’s important for both government and the public to accept higher energy costs as part of the price for managing climate change.
The International Energy Agency wants to see 20 carbon capture and storage facilities in place by 2020, on the premise that the technology is essential to curtailing CO2 emissions that are believed by most of the world’s scientists to be a primary cause of global warming — and to slow the pace at which the greenhouse gas is accumulating in Earth’s atmosphere.
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