Currently, the UK government allocates the most money towards funding projects on carbon capture and storage. Its 10.5 billion dollars is more than the United States (5.1 billion) and Canada (4.9 billion) combined. Though some funding is there, the pace of the projects has been slow, and even though 10.5 billion is a sizeable sum of money, cost is still a problem. ''Capturing carbon is really expensive,'' says Age Kristensen, vice-president of technology at Statoil in Calgary. ''It's just not economic.'' Statoil is the world's largest CCS operator, with three projects in Europe and Africa. Its Salah (Algeria) project injects about one million tons of carbon dioxide a year below the Saharan desert, using solvents to separate carbon from natural gas.
The article then goes on to state that coal demand is seen as rising as much as 20% by the year 2020. That is one reason CCS might be worth continuing they speculate. They state the bottom line of the article is that efforts to capture and store carbon emissions while costly, may gain momentum after the Fukushima disaster.
While this may be true, they are acknowleding the extremely high cost. They communicate only a speculation that frames the issue for the expansion of CCS. Overall this article is hopeful with respect to CCS, but does not correlate any hard information one way or the other.
I can't believe how much fukishima has effected all of the nuclear programs in those foreign countries. Goes to show how much power the media and the government have over people.
ReplyDeleteI might argue to Zach that the industry needs to also take some responsibility. They have long argued that nuclear accidents are nearly impossible, and clearly that's not true. It's a case of problematic sci comm if ever there was one.
ReplyDeleteI do think it's interesting that coal and nuclear are on such a teeter-totter. Most in support of conventional baseload power see them as squared off against one another, while renewables folks would like to shift the discussion away from them altogether. It's an ideological as much as technical battle.