Thursday, August 27, 2009

Climate Bill Is Built On 'Clean Coal' Myths

Quoting IBDEditorials (emphais mine):
“The fate of the Waxman-Markey climate bill rests upon two myths about so-called ‘clean coal.’ The first is that coal, as used today in the U.S., is a dirty fuel. The other is that coal can be made ‘clean’ by capturing carbon dioxide (CO2) emissions from power plants and storing them underground in geologic repositories…

the theoretical amount of atmospheric warming avoided by CCS [CO2 capture and sequestration] works out to between 0.045 to 0.15 degree Celsius avoided over the next 90 years…

In a presentation to the Society of Petroleum Engineers last March, energy expert Michael Economides estimated that CO2 cuts on the order of the U.S.-shunned Kyoto Protocol would require the drilling of 161,429 injection wells by 2030 at a cost of $1.61 trillion.

That price tag doesn't include the cost of capturing the CO2 at the point of generation, purchasing rights of way for pipelines, pipeline installation costs, and liability insurance. Power plants would have to use 30% more energy for CO2 capture, transport and storage.

Economides says the total cost may be as high as $1 trillion annually — without any guarantees that the CO2 would stay sequestered.”
Click the image & read the rest:
Click the image & read the rest
Click here for the facts on coal.
Click here & examine the cost of Cap & Trade.
Click here for some basic science on climate change.

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