Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Coal

More funding needed for CCS technology on a global scale: US' National Coal Council

LNG | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Oil Risk

A national climate policy or US energy dominance?

Coal

Platts Global Coal Alert

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Coal | Thermal Coal

China thermal coal buyers eye increased Colombia coal imports on low freight: sources

More funding needed for CCS technology on a global scale: US' National Coal Council

Houston — A National Coal Council study released Thursday determined that more funding and other incentives are needed to produce carbon capture technology that would work on a global, commercial scale.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The study, prepared at the request of US Secretary of Energy Ernest Moniz, and titled "Fossil Forward - Revitalizing CCS: Bringing Scale & Speed to CCS Deployment," assessed the progress made by the Department of Energy on the cost, safety and technical operation of carbon capture utilization and storage technology and found it came up short.

The Kemper power plant under construction by Southern Company in Mississippi will be the first integrated gasification, combined-cycle plant with carbon capture geologic storage and will come online in 2016, said Janet Gellici, executive vice president of the National Coal Council.

The gasification technology was developed over the last 15 years by the DOE and Southern Company.


"One of the biggest recommendations in the study is that we need to have policy parity for the development of these projects," Gellici said.

"If we're going to get CCS deployed on a commercial scale, we need to have the same funding and tax incentives that are available to renewable energy sources."

The incentives are needed to reach greenhouse gas objectives on a global scale as more countries such as India integrate more coal-fired power into their energy mix, said Fred Palmer, senior vice-president of government relations at Peabody Energy, who chairs the Coal Policy Committee for the National Coal Council.

"You have to develop the technology if the world is going to meet its climate goals," Palmer said. "The answer is you have to socialize the costs."

The technology has not been tested on a larger-scale basis, Palmer said. "We know it works, but haven't done it at scale," he said. "It's very much in an R&D status, but we know the concept is sound."

--Jeffrey McDonald, jeffrey.mcdonald@platts.com
--Edited by Keiron Greenhalgh, keiron.greenhalgh@platts.com