By Robert Safuto on Feb 6, 2008 in News | View Comments
A very interesting news item popped up on my radar this week. A consortium of major investment banks have banded together to develop “The Carbon Principles.” According to a press release from Citigroup, the carbon principles are “…climate change guidelines for advisors and lenders to power companies in the United States. These Principles are the [...]
By Robert Safuto on Jan 30, 2008 in News | View Comments
In recent weeks there have been some questions about how (or even if) the FutureGen project would go forward. Those questions may have been answered today. This morning the Washington post reported, “…the Bush administration might drop its support for a $1.5 billion coal-fired power plant designed to store greenhouse gases underground, citing mounting cost [...]
By Robert Safuto on Jan 24, 2008 in Video | View Comments
FutureGen is a $1.2 billion (and rising) project funded by both the private sector and U.S. Federal Government. The goal is to build a zero-emissions coal power plant that uses carbon capture and sequestration technology. In December the FutureGen Alliance announced the selection of Matoon, Illinois as the site for the project. Unfortunately the Department [...]
By Robert Safuto on Nov 19, 2007 in News | View Comments
If transparency is the first step towards major change then Carbon Monitoring For Action (CARMA) is a major step forward. According to the CARMA website, “CARMA reveals the carbon emissions of more than 50,000 power plants and 4,000 power companies in every country on Earth.” I checked out the CARMA website myself today and found [...]
By Robert Safuto on Nov 18, 2007 in Analysis | View Comments
As electricity demand increases scientists continue to look for ways to reduce the amount of carbon emitted into the atmosphere. Carbon sequestration technologies show promise because they create opportunities to lower the impact of older, dirtier sources of electricity. The Technology According to the Office of Science of the U.S. Department of Energy, “Carbon sequestration [...]