- First-generation carbon capture technology on a commercially viable scale likely will not be available until 2020, and will be expensive but not insurmountable, according to a panel at a Platts coal conference.
- Tom Sarkus, a director with the National Energy Technology Laboratory, foresees the technology raising the cost of electricity by 30%, based on an average of estimates produced by industry and scientific groups.
- Sarkus says the costs can be reduced as the technology is improved, but warns it will take years before such improvements make it to the market.
- The topic was given more weight in light of last week's EPA announcement (I, II) that new coal-fired power plants will need to limit carbon dioxide emissions to 1,100 lbs./mw-hour of power produced.
- ETFs: KOL, XLU, IDU, PUI, VPU, RYU, FXU, PSCU, UPW, SDP, UTLT.
Platts panel: Carbon capture technology will not be ready for several years
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