Current:Home > FinanceCarbon capture technology: The future of clean energy or a costly and misguided distraction? -Mastery Money Tools
Carbon capture technology: The future of clean energy or a costly and misguided distraction?
View
Date:2025-04-14 15:06:01
Congress recently allocated billions of dollars in subsidies to promote the expansion of carbon capture technology. If new Environmental Protection Agency rules take effect, most fossil fuel-burning plants may be compelled to implement carbon capture technology.
However, carbon capture has faced significant criticism as a pricey and misguided distraction in the battle against climate change.
The National Carbon Capture Center, located along the banks of the Coosa River in Alabama, is a research facility affiliated with a coal and natural gas-fired power plant operated by Southern Company. It resembles a large laboratory where carbon capture has been tested for over a decade. John Northington, the facility's director, said that it represents a culmination of 135,000 hours of testing and over 70 different technologies.
"Our main mission here is to test carbon capture," Northington said.
Coal and gas-fired power plants are responsible for approximately 60% of electricity generation in the United States, and are the country's second-largest source of greenhouse gas emissions. Carbon capture technology aims to prevent CO2 emissions from being released into the atmosphere by capturing them with chemicals and storing them underground.
Northington said that the technology does work, with an average capture rate of around 95%.
But the real-world implementation of carbon capture has faced challenges.
The Petra Nova coal-fired power plant near Houston was the first and only commercial plant in the U.S. to use carbon capture. It encountered technical issues and high costs, and was ultimately mothballed in 2020. Its current owner is attempting to revive the plant.
Critics that include MIT Professor Charles Harvey argue that carbon capture and storage, also known as CCS, is not economically viable because it costs less to build new renewable energy projects such as wind and solar than to operate an existing coal plant.
"A dollar spent in renewable technologies will avert a lot more emissions than CCS will," said Harvey.
He argues that carbon capture allows the industry to continue relying on fossil fuels, and even the captured carbon from the Petra Nova plant was used to extract more oil from the ground in a process called enhanced oil recovery.
"The frustrating thing is that there is an easy solution and that is to stop using fossil fuels," Harvey said. "We have the technology to do that right now and I don't think we should be distracted from that."
While skeptical of CCS, Harvey believes that direct air capture, also known as DAC, which extracts CO2 from the atmosphere, could play a role in combating climate change.
The ClimeWorks plant in Iceland, operated by Swiss company ClimeWorks, is the world's largest DAC facility. It captures CO2 from the air, separates it and injects it into rock formations for permanent storage. However, these DAC facilities can only remove a fraction of the CO2 emissions released annually.
"Every ton of CO2 that's removed is a ton that's actually helping fight climate change and not contributing to global warming," said Climeworks' Chief Marketing Officer Julie Gosalvez.
But it can only remove about 4,000 of the nearly 40 billion tons of CO2 humans are pumping into the atmosphere every year. Its working to increase that amount and, meanwhile, larger facilities, including the one in Texas, are now being built as well.
"I'm excited," Northington said. "I think there's a tremendous amount of potential."
- In:
- Houston
- Climate Change
- Carbon Capture
- Environment
Ben Tracy is a CBS News senior national and environmental correspondent based in Los Angeles.
TwitterveryGood! (42)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- California taxpayers get extended federal, state tax deadlines due to 2023 winter storms
- Three great movies over three hours
- Dolly Parton will be Dallas Cowboys' Thanksgiving Day halftime performer
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Watch: Giraffe stumbles, crashes onto car windshield at Texas wildlife center
- Here are the key leaders joining the Belt and Road forum and their wish lists to Beijing
- Swing-county Kentucky voters weigh their choices for governor in a closely watched off-year election
- This was the average Social Security benefit in 2004, and here's what it is now
- National Pasta Day 2023: The best deals at Olive Garden, Carrabba's, Fazoli's, more
Ranking
- Bodycam footage shows high
- Phillies' Bryce Harper would play in 2028 L.A. Olympics if MLB players approved
- Iranian film director Dariush Mehrjui and his wife stabbed to death in home, state media reports
- Bill Ford on UAW strike: 'We can stop this now,' urges focus on nonunion automakers
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Colorado court upholds Google keyword search warrant which led to arrests in fatal arson
- Oasis frontman Liam Gallagher announces 'Definitely Maybe' album tour
- North Dakota Gov. Burgum calls special session to fix budget bill struck down by court
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Trump set to return to the civil fraud trial that could threaten his business empire
Mexican official confirms cartel gunmen forced a dozen tanker trucks to dump gasoline at gunpoint
New York City limiting migrant families with children to 60-day shelter stays to ease strain on city
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
'Love is Blind' Season 5 reunion spoilers: Who's together, who tried again after the pods
Gen. David Petraeus: Hamas' attack on Israel was far worse than 9/11
The mother of an Israeli woman in a Hamas hostage video appeals for her release