Monday November 18, 2019

Coal Industry Plans to ‘Go Green’, Aims to Reduce Emissions of Planet-Warming CO2 80% by 2050

Greenhouse gas emissions continue to rise in the United States and globally, putting the world farther and farther from the goal set in Paris to avoid catastrophic climate change

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Coal industry
A large field of coal is stored on the property of Dominon Energy's Chesterfield Power station in Chester, Virginia., Dec. 4, 2017. The station is a coal fired power station along the James River. VOA

You know things are not going well for your industry when one of your best customer gives a keynote speech at your annual conference to talk up your competition.

At the Virginia Coal and Energy Alliance’s 40th Annual Conference in May, electric utility Dominion Energy highlighted the company’s agreement with Smithfield Foods to generate electricity from hog waste.

“That’s right,” Dominion lobbyist James Beamer told the coal crowd, “Hog poop to green energy.”

coal industry
A pen of young pigs is seen during a tour of a hog farm in Ryan, Iowa, May 18, 2019. VOA

Speakers from both main utilities at the conference said they have big plans for renewable energy, and they aim to reduce their emissions of planet-warming carbon dioxide 80% by 2050.

None of this was good news for coal, the most carbon-heavy fuel for power generation.

Saturday marks the two-year anniversary of President Trump’s announcement that the United States would withdraw from the Paris climate agreement. But momentum to combat climate change continues anyway.

But it’s not enough. Greenhouse gas emissions continue to rise in the United States and globally, putting the world farther and farther from the goal set in Paris to avoid catastrophic climate change.

coal industry
President Donald Trump acknowledges coal miners during a Make America Great Again rally at the Civic Center in Charleston, West Virginia, Aug. 21, 2018. VOA

Gloom in coal country

Beamer told the crowd at the Virginia coal conference that Dominion’s biggest upcoming investment in coal country would be a storage facility for renewable power. The company plans to build 3 gigawatts of solar by 2022 and a pioneering offshore wind project, he added.

Although the Trump administration has acted to loosen regulations on mining and burning coal for power, utilities aren’t interested. Since 2010, 289 coal-fired power plants have shut down or plan to, according to the Sierra Club. That’s more than half the national fleet. No new coal plants have been built. The U.S. Energy Information Administration (EIA) predicts coal will continue to lose market share to natural gas and renewable energy through at least 2050.

Kentucky’s energy and environment secretary, Charles Snavely, a former coal executive, told the conference that EIA may be underestimating.

“If we’re already projecting a significant decrease over time,” he said, “I think that it will probably be worse than that.”

coal industry
Exhaust rises from the stacks of the Harrison Power Station in Haywood, West Virginia, May 16, 2018. VOA

Private sector pressure

One big reason utilities are moving away from fossil fuels is that some of their biggest customers are demanding renewable energy. Big, energy-hungry corporations are pushing for solar and wind power in states where fighting climate change is not a priority.

In Alabama, for example, the state public service commission first opened the door to large-scale solar projects in 2015 “based solely on the Walmart decision to come in and use solar power,” according to Commissioner Jeremy Oden, speaking on a panel of state utility regulators at the Virginia coal conference.

The company aims to power half its operations with renewable energy by 2025.

Other corporations that Alabama is courting, including Toyota and Amazon, also have goals to reduce their greenhouse gas emissions and are willing, in some cases, to pay a premium to get it.

Companies like these are telling state regulators that they want renewable energy “no matter what,” said Missouri Public Service Commission Chairman Ryan Silvey.

“No matter what,” agreed Kentucky Public Service Commissioner Talia Mathews.

Coal industry
FILE – A Nike logo is displayed outside a Nike store in Charlotte, N.C., Sept. 4, 2018. VOA

Federal climate

Major corporations also are lobbying the federal government to do more. Levi’s, Nike, Mars Incorporated, Microsoft, PepsiCo, eBay and dozens of others are making the case that “we need federal policy. We need a price on carbon. And this is an issue that is not only about the future of our planet, our families, our kids, but our economy,” said CEO Mindy Lubber with the corporate sustainability nonprofit Ceres.

Since the November 2018 elections swept a wave of left-leaning lawmakers into office, several states have stepped up their plans to fight climate change.

This year, New Mexico, Nevada and Washington committed to producing 100 percent clean energy by 2050 or earlier. California and Hawaii already passed similar laws.

The 2018 elections put climate change on the agenda at the federal level, too, for the first time in a decade. Democrats see an opportunity to campaign against Republican climate denial and inaction in the 2020 presidential election.

coal industry
FILE – This April 20, 2011 file photo shows officials with Arizona-based First Solar and Public Service Co. of New Mexico gathering after the dedication of the utility’s new 2-megawatt photovoltaic solar array in Albuquerque, N.M. VOA

World falling short

No other country has followed the United States on its path out of the Paris climate agreement.

President Trump and his supporters have said the agreement puts the United States at a competitive disadvantage because it requires Americans to cut their emissions but does not impose the same restrictions on other countries.

“The biggest emitters in the emerging economies, including China, India and Indonesia, all have very ambitious pledges under Paris,” said Andrew Light, Distinguished Senior Fellow at the World Resources Institute and a former Obama administration climate advisor. “And it looks like they are on track to meeting them.”

Meeting those pledges still would not keep the planet from disastrous warming. And efforts so far have not stopped greenhouse gas levels from rising, in the United States or globally. Emissions reached an all-time high last year, climbing more than 2% over 2017, at a time when U.N. scientists say global emissions must fall 45% by 2030 to avoid the worst consequences of climate change.

ALSO READ: Sell Charcoal to Buy Food: North Korean Children on Street To Support Themselves

Some 80 countries are prepared to announce bigger steps to cut their emissions at the U.N. climate summit in September, according to U.N. climate envoy Luis Alfonso de Alba, although he did not specify which ones.

“I am asking leaders not to come with beautiful speeches but to come with concrete plans to promote the climate action we need,” said U.N. Secretary-General Luis Guterres. (VOA)

Next Story

Emissions Trading Scheme in Surat Cuts Pollution, Hikes Profit

Companies can trade their allowances, enabling them to further reduce their emissions

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Pollution
With the festival of lights Diwali approaching, the need to confront Pollution becomes even more critical. Pixabay

The emissions trading scheme for trading greenhouse gas emissions allowances that has been adopted by Surat in Gujarat can reduce pollution 29 per cent while increasing profits for a majority of industrial plants, international researchers said on Friday.

Companies can trade their allowances, enabling them to further reduce their emissions.

With the festival of lights Diwali approaching, the need to confront pollution becomes even more critical.

In a move that is revolutionising India’s approach to pollution policies, Surat is the world’s first city that, on September 15, adopted an emissions trading scheme for particulate pollution.

An analysis by researchers from the University of Chicago and Yale University quantifies the significant potential the programme offers to reduce pollution while allowing continued economic growth.

“This first look at the programme finds that the Gujarat Pollution Control Board’s emissions trading scheme is projected to both foster economic growth by reducing industries’ compliance costs and improve people’s health by reducing particulate air pollution. It is bringing Indian environmental policy to the global frontier,” said Michael Greenstone, a co-author of the report.

Pollution
This first look at the programme in Surat finds that the Gujarat Pollution Control Board’s emissions trading scheme is projected to both foster economic growth by reducing industries. Pixabay

He’s the Milton Friedman Distinguished Service Professor in Economics and director of the Energy Policy Institute at the University of Chicago.

Greenstone and his co-authors find the programme can reduce particulate pollution by 29 per cent.

It can do so by setting a cap on the amount of pollution plants can emit equivalent to the amount they would have emitted if they had complied with current regulations, and allots permits to plants.

Plants that emit less pollution can sell their extra permits to plants that find it too costly to comply.

This “cap-and-trade” system delivers plants greater flexibility and will cost plants 36 per cent less than installing pollution abatement equipment.

Because a large majority of permits are given to industries for free at the start of the market, plants able to sell permits actually make money from the programme.

All total, the analysis finds the vast majority of industries will see their profits increase by greater than Rs 5.5 lakh per annum with the average increase in profits being Rs 8.6 lakh per year.

Pollution
“Cap-and-Trade” system in Surat delivers plants greater flexibility and will cost plants 36 per cent less than installing pollution abatement equipment. Pixabay

“The implementation of the pilot emissions trading scheme demonstrates remarkable foresight and imagination from Indian regulators and industry who are now using cutting-edge technology and economic techniques to balance the twin objectives of economic growth and air quality improvement,” said co-author Rohini Pande, the Henry J. Heinz II Professor of Economics and director of the Economic Growth Center at Yale University.

Greenstone and Pande, along with their colleagues Anant Sudarshan from the University of Chicago and Nicholas Ryan from Yale University, and others from The Abdul Latif Jameel Poverty Action Lab, are evaluating the benefits and costs of the pilot.

ALSO READ: E-Pharmacies to Grow to $3.7 Billion by 2022: CLSA

They will provide periodic analysis throughout its course as well as a full evaluate at its conclusion, in coordination with the Gujarat Pollution Control Board. (IANS)