The lie of the day is from the EPA: Carbon capture will pay for itself (thanks to IRA subsidies). No, it won’t even with subsidies. Expect blackouts and a higher price for electricity.
Suite of Standards to Raise Costs, Reduce Output
Let’s take a dive into the EPA news release Biden-Harris Administration Finalizes Suite of Standards to Reduce Pollution from Fossil Fuel-Fired Power Plants
“Today, EPA is proud to make good on the Biden-Harris Administration’s vision to tackle climate change and to protect all communities from pollution in our air, water, and in our neighborhoods,” said EPA Administrator Michael S. Regan. “By developing these standards in a clear, transparent, inclusive manner, EPA is cutting pollution while ensuring that power companies can make smart investments and continue to deliver reliable electricity for all Americans.”
A final rule for existing coal-fired and new natural gas-fired power plants that would ensure that all coal-fired plants that plan to run in the long-term and all new baseload gas-fired plants control 90 percent of their carbon pollution.
The final emission standards and guidelines will achieve substantial reductions in carbon pollution at reasonable cost. The best system of emission reduction for the longest-running existing coal units and most heavily utilized new gas turbines is based on carbon capture and sequestration/storage (CCS) – an available and cost-reasonable emission control technology that can be applied directly to power plants and can reduce 90 percent of carbon dioxide emissions from the plants.
Lower costs and continued improvements in CCS technology, alongside tax incentives from President Biden’s Inflation Reduction Act that allow companies to largely offset the cost of CCS, represent recent developments in emissions controls that informed EPA’s determination of what is technically feasible and cost-reasonable. The Bipartisan Infrastructure Law also includes billions of dollars to advance and deploy CCS technology and infrastructure. EPA projects that the sector can comply with the standards with negligible impact on electricity prices, thanks to cost declines in CCS and other emissions-reducing technologies. EPA analysis also finds that power companie
For those that might not read the entire article. I suggest you do so before commenting. Here is one little blurp from the article.
Because carbon capture uses 20% to 25% of the electricity generated by a power plant, less will be available to the grid. That means more generators will be needed to provide the same amount of power. But new gas-fired plants won’t be built because the technology will make them uneconomic. Talk about a catch-22.
I confess. I did not read all 1020 pages and don’t intend to. I have seen enough by reading through a dozen or so of the 953 references to CCS. EPA Administrator Michael S. Regan.
Another problem: CO2 must be stored underground in certain geologic formations, largely in the upper Midwest and Gulf Coast. Permitting new wells for CO2 injections can take six years. Pipelines to transport CO2 can take even longer. Green groups oppose pipelines for CO2 as they do for oil and natural gas.
Seems like anything Biden does increases prices….
yeah right the electric companies are investing in upgrades, its more like the raise the price of electricity to pay for upgrades for which the customers accually pay for the upgrades
Biden’s Inflation Reduction Act was presented as a climate initiative, but it really just serves to lure foreign “green” companies to the U.S. The U.S. doesn’t have a carbon tax, but rather just tax credits for companies that “capture” or “sequester” the carbon.
there is nothing Green about Joe Biden