3rd Annual Carbon Capture: Status & Outlook

With $3.4 billion in stimulus funding, carbon capture now has the full backing of the Obama administration. Across the Atlantic, the EU is committing many billions for over a dozen capture pilots and demonstration projects, both retrofits and new projects. Canada is also funding capture projects, and China and India represent huge potential markets for capture systems. Meanwhile, the EPA has issued a CO2 Endangerment finding, is revising its policies on Best Available Control Technology (BACT), and mandating carbon tracking. Will any new coal-fired projects be permitted without being at least “capture-ready?”