Advanced Coal and Next Generation Technologies
With global leaders committing to reduce greenhouse gas emissions, a technology path is essential for long-term improvement in carbon emissions that will enable the world to use more energy while keeping electricity available and affordable.
Advanced coal technologies are a ready-today solution to satisfy global energy needs and accelerate the transition to low-carbon energy systems.
There are three core steps toward this goal:
- Continue to turn coal into electricity, which can lift hundreds of millions from energy poverty and the health tragedies from cooking and heating with open fires.
Use today’s high-efficiency, low emissions (HELE) coal-fueled generation technologies to drive down carbon dioxide (CO2) levels and regulated emission rates. There is a large build-out of these plants underway globally with more than 750 gigawatts of advanced coal generation on line or under construction.
Advance policies and investments to commercialize next generation carbon capture, use and storage (CCUS) technologies, which offer a large-scale solution to capture CO2 emitted from power generation as well as industrial processes.
This past year, Peabody President and Chief Executive Officer Glenn Kellow chaired a National Coal Council (NCC) report that called for leveling the playing field for CCUS to achieve policy parity with other low-carbon options, such as solar and wind. The report was done at the request of U.S. Secretary of Energy Ernest Moniz in advance of the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change. Peabody commends the U.S. Department of Energy’s (DOE) stewardship of a successful research and development program to spur early development of CCUS technologies and believes greater support is needed to bring CCUS to commercial scale. The report outlined what is needed to propel progress for CCUS technologies, which ultimately would lead to near-zero emissions from coal, and is recognized by global leaders as essential to our carbon goals. Key recommendations include:
- Financial Incentives: Financial incentives for CCUS must be substantially increased and broadened to include incentives available to other clean energy sources.
Regulatory Improvements: A first-of-its-kind regulatory blueprint is needed to remove barriers to construction and development of CCUS projects.
Research, Development and Demonstration: The DOE must be a catalyst for additional commercial-scale demonstration projects, and such projects must commence immediately.
Communication and Collaboration: The U.S. Department of Energy must assure U.S. and global policymakers and other stakeholders that fossil fuels will be used in coming decades to a greater extent than today, and there is a resulting need for CCUS.
As we look ahead, we must put in place a technology path for long-term improvement in carbon emissions that will enable the world to use more energy, while keeping electricity available and affordable.
Please visit Peabody’s position statement on energy and climate.
Back to Top