Wednesday, October 16, 2013

The Edsel of energy policies

Would carbon capture really have a measurable effect on global warming? Steve Goreham writes,

CO2 emissions from power plants total less than one percent of the carbon dioxide that naturally enters the atmosphere each year from the oceans, the biosphere, and other natural sources. If the world fully implements CCS, it’s unlikely that we could detect a change in global temperatures.

Nevertheless,

Carbon capture and storage (CCS), also called carbon capture and sequestration, is promoted by President Obama, the Department of Energy (DOE), and the Environmental Protection Agency (EPA) for coal-fired power plants.

CCS requires capturing of carbon dioxide, a normal waste product from the combustion of fuel, transporting CO2 by pipeline, and then storing it underground.

Carbon capture is feasible, but it’s very expensive. The DOE estimates that CCS increases coal-fired electricity cost by 70 percent. This does not include the additional cost of building pipelines to transport the carbon dioxide and the cost of establishing reservoirs to store the CO2 underground.

Ford spent $350 million on the Edsel, the most famous car failure in history. But CCS is a much bigger financial boondoggle.

Would carbon capture really have a measureable effect on global warming? CO2 emissions from power plants total less than one percent of the carbon dioxide that naturally enters the atmosphere each year from the oceans, the biosphere, and other natural sources. If the world fully implements CCS, it’s unlikely that we could detect a change in global temperatures.

But, worse than this, if the theory of dangerous man-made global warming is false, CCS becomes an expensive solution to a non-problem. When the dust of history settles and the ideology of Climatism fades away, failed CCS projects will be remembered as the Edsel of energy policies.

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