Congressional Budget Office
http://1.usa.gov/QuMsHc
[From a Climate Wire article by Christa Marshall, sub. req'd.] …according to a new report from the Congressional Budget Office… Even though the Department of Energy has spent some $6.9 billion on CCS,[carbon capture and sequestration] that amount falls short of what would be necessary to build 200 gigawatts of coal-fired capacity with capture and storage capability, CBO said…
Currently, analysts project that a commercial-scale coal-fired power plant with CO2 emissions controls would be 75 percent more expensive than traditional plants. The goal with DOE research — and planned CCS projects — is to get that cost premium down to 35 percent.
“But the demand for electricity in the United States is growing slowly, and even if DOE’s cost reduction target was attained, coal-fired power plants equipped with CCS technology would not be competitive with coal-fired power plants that lacked it unless policies restricting CO2 emissions or imposing a price on them were adopted,” the CBO report states…
