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Press Releases - Clean Air Task Force Comments on Report from Obama Task Force Interagency on Carbon Capture and Sequestration

08/13/10

FOR IMMEDIATE RELEASE                                                                                                     Contact:

Stuart C. Ross (914) 649-5037 cell sross@catf.us

CLEAN AIR TASK FORCE COMMENTS ON RELEASE OF REPORT FROM

OBAMA ADMINISTRATION INTERAGENCY TASK FORCE ON

CARBON CAPTURE AND STORAGE (CCS)

“At Clean Air Task Force, we are pleased that the Administrationʼs Interagency Task Force has identified carbon capture and storage (CCS) as viable and important to achieving greenhouse gas emissions targets over the long term, and has also acknowledged the financial and regulatory barriers that need to be overcome,” said John Thompson, head of the Coal Transition project at CATF.

“However, we are disappointed that the plan does not call for decisive action on CCS, at a time when bold thinking is required to lay out a plan that will transition this country from uncontrolled greenhouse gas emissions from coal and natural gas-fired power plants to a near zero-carbon future,” Thompson continued. “Instead of calling for requirements to drive technology and create incentives to lower the costs of low-carbon technologies, the Administration has only recommended greater interagency cooperation on a patchwork of existing relatively modest incentives. These incentives must be dramatically and expeditiously scaled up, as, for example, wind power is receiving up to $6 billion worth of tax credits in 2010 alone, while CCS has only received a total of $3.4 billion from the economic stimulus package. “Consequently, we again urge the Administration to take the following steps, found in CATFʼs report to the Task Force last month, as essential to attaining

zero emissions: found here.

  • In the absence of Congressional action, requiring CCS on all coal and natural gas power plants under the Clean Air Act;
  • Supporting a $20 billion pioneer program through 2020 to fully commercialize CCS technology;
  •  Supporting incentives that will deploy an additional 50GW of CCS of commercial projects through 2040 in order to lower technology costs.”