Emissions progress for coal begins with deployment of high-efficiency, low-emissions (HELE) power stations using technology that is available now. When HELE plants are equipped with advanced emission controls, they can capture up to 90 to 99.92 percent of regulated emissions from a coal-fueled power plant that provides affordable, reliable power.
Longer-term investments in next generation carbon capture, use and storage (CCUS) technologies are necessary to transition to the ultimate goal of near-zero emissions from coal-fueled power.
Since the 1990s, Peabody has widely advocated clean coal technologies to reduce carbon and other emissions. The company has invested hundreds of millions of dollars in clean coal projects and partnerships and taken positions on issues such as those in its Position Statement on Energy and Climate Change.
In 2015, Peabody’s President and Chief Executive Officer Glenn Kellow chaired a National Coal Council report that called for enabling carbon capture to achieve policy parity with other low-carbon options, such as solar and wind.
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 included a first-of-its-kind regulatory blueprint to remove barriers to construction and development of CCUS projects, as well as a call for communication and collaboration among global policymakers.
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.