I have a column up at Grist about the future of coal in a carbon-constrained economy.
We're gradually learning how the U.S. government will approach our country's energy needs in the carbon-constrained future -- and if you were envisioning a future free of mining the earth for dirty energy, you should probably check the optimism.Two important hearings on Capitol Hill earlier this month strongly indicated that we're stuck with coal -- and a coal industry generously supported by the American taxpayer -- for the foreseeable future.
Coal industry representatives were invited to explain to key members of the U.S. House of Representatives why the federal government should ply it with hundreds of millions of dollars on top of the fat subsidies it already receives. Said Michael Morris, CEO of American Electric Power, "This is a willing industry, a willing company, a willing people who simply want to have a timeline to allow [carbon capture] technology to develop so that in fact we don't just get a political sound bite, but we get something that works." Well, OK, they want a little more than a timeline -- namely, some sizable handouts.
The willing industry found in some a willing audience.
Comments
Hi Brian,
I am interested in CCS development, but I have read (as you indicated) that this would take enormous government support.
Would it make more sense to invest those subsidies in non-carbon based alternatives--electric, solar, and wind--rather than attempting to jerry-rig the usual suspects so that they pollute less?
Personally I think it'd be a bit foolish to trade off like that. But in my mind a larger share of subsidies should go to proven and clean technologies like solar and wind than to CCS which is still years off as a viable technology and whose development is spearheaded by coal, which has been a shamelessly bad steward of public moneys for years.
Brian,
I've read more and more in the past several weeks of the tremendous government subsidies lavished on the coal industry. Could you elaborate on existing subsidies?
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