Coal group releases report on clean coal technology investment and results
The report from Energy Ventures Analysis details how nearly $100 billion in investments since 1990 have significantly reduced coal industry emissions.
With a great deal marketing being put forth by groups working to debunk clean coal (for example, www.thisisreality.org ; you’ve likely seen their tongue-in-cheek commercials for clean coal technology), the American Coalition for Clean Coal Electricity (ACCCE) is pointing to results from a study which indicates that the industry’s $100 billion in emission reduction investments made since 1990 are working. The report was produced by Energy Ventures Analysis Inc. (an energy industry consulting and forecasting firm).
In response to the report, Steve Miller, president and CEO of ACCCE (a partnership of companies involved in producing electricity from coal), said,
Industry is committed to eliminating emissions from coal-fueled power plants. One hundred billion dollars is a significant start and billions more will be spent in coming years as power plants begin deploying the next generation of clean coal technologies to address carbon and other emissions."
According to the report, the nearly $100 billion deployment in emission-reduction technologies has made today's coal-based generating fleet 77% cleaner than it was in 1970, based on regulated emissions per unit of energy produced. At the same time, prices for making electricity from coal have remained stable at about a third of the cost of other base load fuels.
Energy Ventures Analysis Inc. used industry-supplied data provided to the federal government and other reporting measures to determine the investments identified in this report. Click here to view the report.
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