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MIT Energy Initiative Publishes Report on Reducing CO2 Emissions from Existing Coal Plants

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In the interim, we need a large, focused, federal program to develop and demonstrate commercial-scale technologies. The primary focus of research and development for existing coal plants should be on cost reduction of post-combustion capture. We may not see a strong CO 2 price signal for many years.

Coal 150
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National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals

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Illustration of the representative US cumulative GHG emissions budget targets:170 and 200 Gt CO2-eq (for Kyoto gases). A carbon-pricing system is the most cost-effective way to reduce emissions. The exact value of the reference budget is uncertain, but regardless, illustrates a clear need for a major departure from business-as-usual.