September 27, 2013
The Cloudy Future of Carbon Capture Technology
POSTED BYJosiah Frey
It seems that as soon as one question is answered, another emerges in its wake, at least when it comes to the future of carbon capture technology. While the EPA announced new rules for future power plants that confirmed the reliance on the technology in future coal plants, the promise of this technology took a hit in Norway. Just this week, a six year-long project in Norway to integrate carbon capture technology into an oil refinery was discontinued due to runaway costs and technical difficulties. It highlights the difficulties that this vaunted technology may have in becoming integrated into the American system. Significant government investment will be required worldwide to make the technology a viable option, and while there are promising signs in places like South Korea, the technology is far from a finished product.