Forbes recently quoted Bracewell’s Scott Segal from an interview on PBS discussing the Environmental Protection Agency’s new power plant rule to cut greenhouse gas emissions, and the use of carbon capture and sequestration (CCS) as part of that proposal.
“There is a very bright future for carbon capture and sequestration,” said Segal. “But in the power sector, there are very few examples of commercial scale application of CCS.”
While EPA is agnostic about which technologies industry applies, it is committed to cutting CO2 levels from a 2005 baseline by 40% by 2030. The agency wants to provide industry the flexibility it needs to dramatically cut heat-trapping emissions — steps that include capturing and burying CO2, buying renewables and hydrogen fuels, or retiring older plants — to reach the goal of carbon neutrality by 2050.