Touted as a key component within many emerging national net-zero emissions strategies, carbon capture and sequestration (CCS) received a huge credibility boost from several recent IPCC and IEA studies. But CCS’ greatest advantage is that it enables oil majors to have a market in an otherwise decarbonized economy. What it doesn’t do is stop the pollution stream. Framed as a climate solution, in fact most current and planned projects use the CO2 they capture to produce more fossil fuels through various enhanced oil recovery (EOR) schemes. As part of an ongoing series deconstructing CCS, L. Michael Buchsbaum reviews some recent history.
All posts tagged: USA
Seduced: Climate moderates worldwide are getting sold on big oil’s carbon capture fantasies
The last few months have seen a rivulet of announcements around proposed carbon capture and sequestration (CCS) plans. Long trumpeted by the fossil fuels industry and given a recent boost by the scientists at the EIA and IPCC, it has become a favored climate change solution by policymakers in the EU, Johnson’s UK and plays a key role in the new Biden Administration energy transition strategies. CCS is also a key component within various envisioned “clean” hydrogen and net-carbon neutral schemes. But many fear that depending on CCS will only anchor fossil energy polluters long into the future. The first of a three-part series, L. Michael Buchsbaum reviews some of the fundamentals and current status of carbon capture projects worldwide.
Free falling: Coal crashes throughout Trump’s America in 2020
Though Trump promised to save America’s coal industry, the latter appears to be in worse shape than ever. Over a dozen coal companies have filed for bankruptcy over the past two years and as investors pour resources into green energy instead, the U.S. Energy Information Agency now projects that renewables will overtake coal this year for the first time. However, cheap fracked gas is flooding the coal space. During the presidential campaign America’s gas burn has soared. In the second piece of an on-going series, our lead blogger, L. Michael Buchsbaum, looks at coal’s collapse in the United States.
Not presidential: Down-ballot victories propel clean energy advances
In the 2020 American elections, neither the Democrats nor the climate achieved the clear victory for which many of us wished. But across party lines, voters are demanding action to address the nation’s rapidly changing climate. In several cities and states, particularly out west—voters demanded energy progress. Given how divided Washington remains, these subnational decisions may enable regional carbon neutrality to progress faster while providing actionable models for the entire nation to follow. L. Michael Buchsbaum reviews the election results.
Narrow victory: A divided Congress may force Biden to temper climate ambitions
The initial sense of relief the world felt over Donald Trump’s defeat needs to become much more tempered—in particular through the lens of climate and energy ambitions. Given the near 50/50 split in the Senate, essentially mirroring a starkly polarized electorate, with each passing day that Trump and many of his loyal Republican allies refuses to concede, the chances of bold reforms happening within Biden’s term narrow further. Though more Americans voted for Biden than in any other election, the Democrats have essentially been defeated in both houses of Congress, in so far as they gained neither control of the powerful Senate nor managed to hold, let alone increase, their previous majority in the House of Representatives. Though there are many tools he can still use, by no means will Biden be able to freely wield his power, including whatever climate mandate we wish he had won. L. Michael Buchsbaum discusses what a weakened Biden can still accomplish.
Fracked by his words: Biden walks a fine line on fossil gas
Climate change and the energy transition have become driving themes of the U.S. presidential race. Stable genius Trump still doubts the science. The POTUS proudly boasts that by unleashing fracking, he’s made America great again –turning it into the world’s largest oil and gas producer. His challenger, former vice president Joe Biden, has made the greening of America’s economy central to his Covid-19 economic recovery plan. Biden intends to lead an “energy revolution” aimed at achieving 100% clean electricity by 2035 while cutting U.S. emissions to net zero no later than 2050. Center to the fight is the future of fracking. Biden’s been forced to walk a tight rope between progressive Bernie Sanders supporters who want to ban it, powerful party insiders who still profit from it, and moderate swing voters economically dependent on it. As usual, Trump is exploiting these divisions as he desperately clings to power. Lead blogger L. Michael Buchsbaum takes us through.
US fracked LNG and Russian gas via Nord Stream 2: Germany’s double game heats up both geopolitics and the climate
Away from coal! The need to get out of coal is now clear for everyone. But do we need instead more piped gas and LNG – liquified natural gas? Andy Gheorghiu reports
A Transatlantic Green Deal Can Revive the US-EU Partnership
The so-called Green Deals on the table in Europe and the US present an enticing prospect to rejuvenate the greatly diminished transatlantic relationship — and help hit crucial climate targets before it is too late. The European Green Deal, proposed last year with much fanfare by EU commission president Ursula von der Leyen, overlaps significantly with the Green New Deal, an ecological spending program devised by congressional Democrats and endorsed by the party’s presidential candidate, Joe Biden. Paul Hockenos reports
Biden’s climate plans
Presumptive Democratic party presidential candidate Joe Biden has released an ambitious $2 trillion energy and climate plan that will, if implemented, create not only millions of well-paying jobs, but place the nation on a mid-century carbon neutrality pathway. Calling for a massive investment in solar and wind capacity, Biden aims for a coal exit and elimination of carbon pollution by 2035. More than just an energy and climate platform, Biden’s plan reckons with ensuring a just transition for affected coal and gas producing regions, while directing support towards impacted poor and minority regions so often in the smokestack shadows. Far from perfect, Biden’s plan would at least begin to stop the world’s top polluter from taking us all over the climate cliff.
Is Floating Wind Energy the Next Big Thing?
Many experts say that offshore wind must go much deeper into oceans to help hit new climate targets. Massive turbines that float on the sea fit the bill – but the cost is still high. Paul Hockenos has the details. *