Another good piece by the Manhattan Institute’s Robert Bryce from today’s New York Times:
A Bad Bet on Carbon
ON Wednesday, John Kerry and Joseph Lieberman introduced their long-awaited Senate energy bill, which includes incentives of $2 billion per year for carbon capture and sequestration, the technology that removes carbon dioxide from the smokestack at power plants and forces it into underground storage. This significant allocation would come on top of the $2.4 billion for carbon capture projects that appeared in last year’s stimulus package.
That’s a lot of money for a technology whose adoption faces three potentially insurmountable hurdles: it greatly reduces the output of power plants; pipeline capacity to move the newly captured carbon dioxide is woefully insufficient; and the volume of waste material is staggering. Lawmakers should stop perpetuating the hope that the technology can help make huge cuts in the United States’ carbon dioxide emissions.
Let’s take the first problem. Capturing carbon dioxide from the flue gas of a coal-fired electric generation plant is an energy-intensive process. Analysts estimate that capturing the carbon dioxide cuts the output of a typical plant by as much as 28 percent.
Given that the global energy sector is already straining to meet booming demand for electricity, it’s hard to believe that the United States, or any other country that relies on coal-fired generation, will agree to reduce the output of its coal-fired plants by almost a third in order to attempt carbon capture and sequestration.
The rest here.