Despite the growing use of wind and solar energy in addition to inexpensive and clean natural gas, clean coal technology is still needed.
Clean coal technology is mostly used to mean carbon emitted from a power plant and is stored underground, carbon storage and capture or (“CCS”) in short.
In spite of being closely associated with coal, CCS is a clean technology for any fossil fuels. Any power producing plant that burns a fuel and generates carbon emissions is a good carbon capture candidate; be it an oil, coal or natural gas plant. This is why most modern and propitious carbon storage and capture projects are devised by firms who do not even use coal.
Currently, natural gas and coal are used to produce about 65% of the U.S.’s electricity and despite the use of cleaner-burning natural gas to satisfy interim emission targets, they’ll need advanced emissions reduction tech in the coming years.
In the United States, solar and wind energy only satisfy 5% of the demand of electricity nationwide and even with the positive forecasts that show renewable energy growing to 20% in energy production by 2050, this will still not cater to the quantity of electricity demanded nationwide.
With the U.S. satisfying its emissions reduction targets by using natural gas, other nations aren’t as lucky to have in their presence abundant and cheap natural gas as an option.
For example, China which mainly imports natural gas, uses more coal than all the other countries in the world combined. Even with Beijing making huge investments in renewable energy; $360 billion dollars for 2020, the investment isn’t so that they can replace coal with these renewable sources, rather it’s an addition to the existing coal energy source, as a way to produce more energy.
China is, instead of moving to natural gas as an energy source, building efficient and state of the art coal plants that will do away with older plants. This will reduce the negative impact on the environment and better the plants’ performance, especially in CCS while additionally reducing carbon emissions from China.
For countries with growing middle classes numbers and rising energy demand such as India, decreasing their carbon emissions means equipping already existing energy producing plants with emissions-reducing technology. For global emissions to reduce effectively, advanced technology is required to make the existing energy-producing plants carbon-free.
Mining entities like GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) that require a lot of energy fully understand the benefits that would accrue when coal get cleaner.
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