Regulation aims to reduce facilities’ emissions of climate-altering gases — a goal that could require carbon burial.
. By contrast, the new EPA rule focuses on emissions reductions that can be achieved “inside the fence line” at individual power plants, with the best available technologies. These include CCS.
One of the core questions will be whether CCS is an economically viable technology — or whether the new EPA rule has actually been designed to push electric utilities away from fossil fuels and towards cleaner energy sources. Regan directly addressed this concern at the press conference. He acknowledged that some coal-fired power plants would close as a result of the rule, but added that “this is really a decision that will be made state by state, company by company”.
McNamara says that the current EPA proposal is just one piece of a larger puzzle that includes other regulations on hazardous pollutants, as well as massive public-health incentives for low-carbon energy.
“The economics only pencil in for CCS in very specific settings,” says Ben King, an energy analyst with the Rhodium Group, a consultancy based in New York City. But clean-energy sources could face their own challenges in scaling up quickly, owing to potential bottlenecks with licensing, securing sites for facilities and delivering power over long-distance electric transmission lines.suggests that regulatory requirements might yet enable CCS to gain a foothold in the power sector.
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