Carbon capture will probably make electricity more expensive

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A pipe labeled “carbon dioxide” in front of a smokestack at a power plant.
A pipe installed as part of the Petra Nova Carbon Capture Project carries carbon dioxide captured from emissions on Thursday, Feb. 16, 2017.  | Luke Sharrett/Bloomberg via Getty Images

Keeping coal and gas power plants alive while purporting to tackle climate change will likely make electricity more expensive for consumers, a new analysis warns. Fossil fuel companies have been eager to deploy technologies that filter planet-heating carbon dioxide out of power plant emissions. But relying on the technology, called carbon capture and storage (CCS), is a risky venture and consumers are likely to bear the costs.

The cost of electricity from power plants outfitted with carbon capture devices is at least 1.5 to 2 times more expensive than other alternatives, according to a new report from the nonprofit Institute for Energy Economics and Financial Analysis (IEEFA). It’s much more affordable to turn to renewable energy like...

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source https://www.theverge.com/2023/3/30/23663202/carbon-capture-electricity-gas-coal-power-plants-climate-change

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