$22 billion wasted on carbon capture which increases cost of electricity by 70%
Three things everyone needs to know about carbon capture. Coal supplies 29% of the worlds total energy (and oil supplies 31%). In the last five years governments world-wide promised to spend $22 billion on carbon capture and storage (CCS). $5b in the US. CCS increases the cost of electricity by 70%. (Yes, you read that correctly, seventy percent). That’s about $60/ton of carbon reduction. TonyfromOz has been sending me gobsmacking details and statistics on this bizarre practice for months, and I must post them in their full glory as soon as possible. Historians of the future will gape at this strange religious ritual and ask how much we gave up in order to stuff a plant fertilizer down a deep hole in an effort to change the weather. – Jo —————————————————— Carbon capture and storage—the Edsel of energy policies … By Steve Goreham Originally published in The Washington Times The war on climate change has produced many dubious “innovations.” Intermittent wind and solar energy sources, carbon markets that buy and sell “hot air,” and biofuels that burn food as we drive are just a few examples. But carbon capture and storage is the Edsel of energy policies. […]Rating: 0.0/10 (0 votes cast)
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