In this webinar from June 9, 2016, Synapse's Senior Associate Patrick Luckow and Senior Associate Pat Knight discuss scenarios in which United States electric sector CO2 emissions could decline by 30 percent by 2030 driven largely by these new realities, combined with economic retirements
of older coal plants.
[8] These estimates indicate that externalities
of older coal plants are many times greater than those of new plants.
While the EPA has provided for emissions trading programs, there will be a lot of closures
of older coal plants.
As the owners
of older coal plants consider whether to retire them or upgrade them to meet new and emerging environmental standards, the threat of greenhouse gas regulation will be an overlay of uncertainty and possible large expense, on top of the burdens imposed by other new and proposed environmental regulations and the competition from natural gas.
The UK has switched off many
of its older coal plants, and government policy means it is now cheaper to burn gas than coal.
Not exact matches
Obama had introduced a raft
of regulations intended to slash emissions
of carbon dioxide blamed for climate change, a policy course that accelerated the retirement
of older coal - fired power
plants and bolstered the nascent solar and wind sectors, which depend heavily on weather conditions for their power output.
Worse, they are producing that energy using creaky
old coal plants that are, apart from generating a lot
of pollution, sometimes unreliable.
So the owner
of an
old coal - fired
plant or hydroelectric
plant - with lower costs butthe same sale price - «practically has a printing press» for money, Norlander said.
One came for free, the result
of a years -
old consent agreement with National Grid as a result
of problems with
coal - burning power
plants in Western N.Y; the other was the result
of a $ 4.5 million purchase from a national land trust group.
One - third
of those
plants, among the
oldest and dirtiest in the United States, were to be shuttered by the end
of 2012, making it the biggest year for
coal plant retirements in the nation's history.
Building them could displace new
coal plants or relieve the pressure to extend the life
of old reactors that should instead be retired.
He also wants to close 10
older coal plants and ban new ones, and eliminate the use
of oil.
Ultimately, the replacement
of old, highly polluting
coal - fired power
plants by nuclear reactors is essentially no different from deciding, after putting sentimental considerations aside, to replace your inexpensive and reliable — but obsolete — 1983 Olds Omega with a 2007 Toyota Camry or BMW 3 Series sedan.
Currently, nuclear and wind energy (as well as clean
coal) are between 25 and 75 percent more expensive than
old - fashioned
coal at current prices (not including all the hidden health and environmental costs
of coal), and so it will take a stiff charge on
coal to induce rapid replacement
of obsolete
plants.
The shortfall may grow critical as electricity producers close down
old oil and
coal plants in favor
of cleaner natural gas.
Instead
of building a new zero - emission
coal - fired power
plant in Illinois, the Obama administration will retrofit an
old plant instead
EPA enforcement
of the Clean Air Act is pushing the
oldest and dirtiest
coal - fired power
plants out
of the nation's power fleet.
«Many
of the nation's
older coal plants will be shut,» predicts energy specialist David Victor
of the University
of California, San Diego.
The cost
of retrofitting an
old coal plant with capture equipment, for example, could in theory run to more than $ 100 per ton.
Natural gas might still have an advantage over
coal when burned to create electricity, because gas - fired power
plants tend to be newer and far more efficient than
older facilities that provide the bulk
of the country's
coal - fired generation.
TINY TOMATILLO A 52 - million - year -
old fossil
of a tomatillo includes the
plant's papery outer sheath, and remnants
of the blackened berry, which has since turned to
coal.
However, because gas,
coal and oil are millions
of years
old, their carbon has a key difference compared to the carbon cycling through
plants.
Many
of the «
old coal»
plants that are under the Clean Air Act grandfather clause crank out electricity for under $ 10 / MWh.
Worse than that, in related «horse trading» that the industry insisted on before it would allow the regulations to happen, they managed to grandfather
old coal plants — so today we are still stuck with emissions from
old coal plants — most
of the electricity form
coal is from
plants that were built before 1970, indeed, most built before 1950, I believe....
And, new power
plants with the various anti-pollution technologies (and / or, in many cases using natural gas instead
of coal) are much cleaner than the
older plants.
In Illinois, our Governor (who is otherwise awful) got an agreement to shut down several
old coal plants as part
of an overall air quality arrangement.
And, are you (personally) suggesting that Kansas should have permitted the new
plant in question instead
of renewing upcoming permits for
plants of equivalent capacity, OR, in your view, should
coal capacity in Kansas be increasing, i.e., in additive fashion, i.e., by approving the new and
old plants?
The KDHE has denied a permit for a
coal plant that would have been more efficient (read, more MWH per ton
of coal and less CO2 and other pollutants per MWH) than
older plants whose permits they will be renewing as a matter
of course over the coming months and years.
But the
coal industry has been pressuring the EPA to reconsider the standard, pushing to weaken regulations that could affect dozens
of decades -
old, heavily - polluting
coal plants like Indianapolis» Harding Street Station, which has been in operation for 54 years.
Yesterday, I spent the day covering Greenpeace's anti-
coal efforts in Chicago, where two
of the nation's
oldest coal plants still operate within city limits.
Every night an
old coal train chugs in to central Beijing to deliver its load to the Guohua power
plant, one
of the city's
oldest power stations now surrounded by glitzy malls and towering apartment blocks.
Apropos
of that, the Cato Institute magazine, Regulation this month had a really neat article in it about the fallacy
of «grandfathering,» as implemented for
old coal plants in the Clean Air Act.
An important question that political and climate analysts will be examining is how much bite is in the regulations — meaning how much they would curb emissions beyond what's already happening to cut power
plant carbon dioxide thanks to the natural gas boom, the shutdown
of old coal - burning
plants because
of impending mercury - cutting rules (read the valuable Union
of Concerned Scientists «Ripe for Retirement» report for more on this), improved energy efficiency and state mandates developing renewable electricity supplies.
It might make sense to take a small portion
of the aerosol that would have been dumped into the troposphere by retired dirty
coal plants, and inject that directly into the stratosphere where it will restore the lost cooling effect while (hopefully) doing less harm than the
old stuff dumped into the lower atmosphere.
While the United States is shutting down
old coal - fired power
plants and not building new ones, Europe — also because
of the commitment in Germany to get out
of nuclear power — is moving back to
coal.
Fully contracted renewable energy projects have the least transition risk while
older, inefficient merchant
coal plants are likely to suffer disproportionately from the financial effects
of carbon transition such as lower wholesale prices, the cost
of carbon credits, lower capacity factors and increased operating or capital costs, according to the report.
Thousands
of coal workers marched in Berlin last month to protest against plans to slap a levy on the
oldest and most polluting power
plants, which unions say could put 100,000 jobs at risk.
Chicago's southwest side was home to two
of the nation's
oldest and dirtiest
coal - fired power
plants — the Fisk and Crawford
plants, owned by Midwest Generation.
For example, because
of the latest wave
of US EPA regulations having nothing to do with climate change it is estimated that 50,000 MW
of old coal fired power
plants will be shut down.
One reason for the uptick in
coal - fired generation in Europe has been the looming deadline for the EU's Large Combustion
Plant Directive, which will require
older coal plants to meet lower emission levels by the end
of 2015 or be mothballed.
While adding carbon capture to
older U.S.
coal plants may remain relatively uneconomic, countries like South Africa, China and Indonesia have a fleet
of young, critical
coal plants unlikely to retire in the near term.
Last week, Arizona Corporation Commissioner Andy Tobin proposed a Settlement Agreement to keep one
of the
oldest, most polluting
coal plants in the Western U.S., Navajo Generating Station (NGS), running for
«But worldwide we've built more
coal - burning power
plants in the past decade than in any previous decade, and closures
of old plants aren't keeping pace with this expansion.
2013 Goldman Prize recipient Kimberly Wasserman led local residents in a successful campaign to shut down two
of the country's
oldest and dirtiest
coal plants — and is now transforming... Read More
Power producers say that the timetable is too stringent and that such a change would disproportionately hurt the Midwest, where most
of the power is generated by
older coal - fired
plants that are targets
of the legislation.
First, utilities used to build power
plants right next to
coal mines, so some
of the
oldest plants can have an advantage over newer models.
Under Canadian regulations that will take effect in July 2015, any new
coal - fired
plant, and any existing one that's at least 50 years
old, can emit no more than about 925 pounds
of CO2 per megawatt - hour.
Japan's submission says that state -
of - the - art
coal plants can cut emissions by «more than 10 %», relative to «
old type»
plant.
At power
plants, combustion
of coal produces a medley
of air pollutants, especially in
older plants that lack modern emissions control equipment.
One reason is that Arizona utilities make far more money running
old, polluting
coal plants that generate electricity for around 3 cents / kWh, than risking a loss
of sales to solar energy.