Mon. Jan 24th, 2022

Coal should be obsolete due to its renewable energy It is getting cheaperBut the US government Keep it floating With the promise of capturing carbon emissions and saving underground. Now, the Office of Government Accountability (GAO) says federal agencies have spent $ 684 billion on coal plant carbon capture and storage (CCS) projects, most of which have failed. Gizmodo Reported. It has spent $ 438 million on three other CCS industrial projects, two of which have been canceled.

“The deer [Department of Energy] According to the GAO report, eight coal projects provided about $ 684 million, resulting in an operational facility.

The DOE’s process for selecting coal projects and negotiating funding agreements has increased the risk that DOE projects are less likely to succeed.

The Department of Energy not only used a “high-risk selection” approach to selecting projects, it also discussed and financed them, the report said. The coal talks lasted only three months instead of the normal year, “based on the DOE’s desire to begin spending the funds of the American Recovery and Reinvestment Act of 2009 quickly.” After all, it has bypassed the usual cost controls and supported projects “even though they are not meeting the required key milestones.”

The DOE recently stated that it wants to dramatically reduce the cost of carbon capture technology through a program. Carbon negative shot. The goal is to remove CO2 directly from the air and place it underground at a cost of less than $ 100 per ton on a gigaton scale.

However, the easiest and cheapest way to reduce gigaton emissions would be to retire the expensive coal plant completely, Reported last year International Renewable Energy Agency (Irena). This is because the cost of renewable energy has come down in the last decade, which is effectively cheaper than coal. And of course, adding CCS technology to coal will increase the cost a lot. That being said, coal and fossil fuels are a Alleged political issues In the United States, despite the global risk of climate change.

Finally, GAO recommends more congressional oversight of DOE spending on CCS. “In the absence of such a process, the DOE is at risk of spending significant funds on CCS demonstration projects that are less likely to succeed.”

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