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Wednesday, May 13, 2009
CHICAGO – The American Coalition for Clean Coal Electricity (ACCCE) released the findings of an Energy Ventures Analysis, Inc. report today that finds that nearly $100 billion dollars have been spent to deploy clean coal technologies to reduce air emissions since 1990. In response to this report, Steve Miller, President and CEO of ACCCE released the following statement.
“Today’s report conclusively shows that given realistic time frames technology can solve our environmental challenges without negatively impacting consumers and the economy. Industry is committed to eliminating emissions from coal-fueled power plants. One hundred billion dollars is a significant start and billions more will be spent in coming years as power plants begin deploying the next generation of clean coal technologies to address carbon and other emissions.”
The nearly $100 billion deployment in emission-reduction technologies has made today’s coal-based generating fleet 77 percent cleaner than it was in 1970, based on regulated emissions per unit of energy produced. At the same time, prices for making electricity from coal have remained stable at about a third of the cost of other base load fuels.
Energy Ventures Analysis, Inc. used industry-supplied data provided to the federal government and other reporting measures to determine the investments identified in this report.