![]() But by promoting C.C.S., the fossil fuel industry is slowing the transition away from fossil fuels. Industry campaigns such as “Clean Coal” have also promoted the technology as something that could ramp up quickly to bridge the gap to the deployment of large-scale renewable energy. power - will eliminate far more carbon emissions.Įven so, this technology has broad political support, including from Senator Joe Manchin of West Virginia, an ally of the coal industry, because it enables the continued extraction and burning of fossil fuels while also preventing the resulting carbon dioxide from entering the atmosphere. But now it’s clear that we were wrong, and that every dollar invested in renewable energy - instead of C.C.S. in the United States - the idea was that the technology could compete as a way to produce carbon-free electricity by capturing the carbon dioxide emissions emitted from power plants and burying them. We should know: When we began a start-up 14 years ago - the first privately funded company to make use of C.C.S. But the law also contains a counterproductive waste of money, backed by the fossil fuel industry, to subsidize C.C.S.įifteen years ago, before the cost of renewable energy plummeted, carbon capture seemed like a good idea. The Inflation Reduction Act does more to cut fossil fuel use and fight climate change than any previous legislation by expanding renewable energy, electric cars, heat pumps and more. What the technology, known as C.C.S., also does is allow for the continued production of oil and natural gas at a time when the world should be ending its dependence on fossil fuels. It was a big winner in the climate provisions of the Inflation Reduction Act passed by Congress last week and signed into law by President Biden on Tuesday. ![]() ![]() It is supposed to capture carbon dioxide emissions from industrial sources and pump them deep underground.
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