This is an excerpt from EERE Network News, a weekly electronic newsletter.
DOE to Invest $1.3 Billion in Carbon Capture and Storage
DOE announced on June 24 that it plans to invest $1.3 billion over several years in multiple clean coal plants that feature cutting-edge carbon capture and storage (CCS) technologies. DOE's FutureGen program was originally intended to make a large investment in a single plant with CCS technology, but with a growing impetus to develop such power plants, DOE decided that it could better advance the technology by providing more limited support for a larger number of CCS-enabled plants. By taking this approach, DOE expects to at least double the amount of carbon dioxide that is sequestered under the program. DOE released a Funding Opportunity Announcement (FOA) for the restructured program on June 24 and anticipates that $290 million will be available for fiscal year 2009. Applications are due on October 8, and DOE intends to select the projects by the end of the year. See the DOE press release.
A report released last year by the Intergovernmental Panel on Climate Change (IPCC) concluded that CCS technologies were part of a package of technologies needed to enable significant cuts in global greenhouse gas (GHG) emissions by mid-century. While the IPCC emphasized the use of renewable energy and a shift from carbon-intensive fossil fuels to lower-carbon fuels such as natural gas, the panel also concluded that "no single economically and technologically feasible solution would on its own suffice for reducing GHG emissions from the energy sector. Instead, governments would need to promote a range of options." See the article from the EERE Network News on the IPCC report.