Carbon sequestration: A costly pipedream

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	Carbon sequestration: A costly pipedream

amgumen

7-16-2009 8:08 PM

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climate, energy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/abc10775-9828-4310-9dc8-de59929d0434/EB9460A4-F0EB-4C17-8DCE-AB4B636FA960/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/" href="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/" style="font-size: 11px;">greenhellblog.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/"><P>University of Houston energy Michael Economides says in this recent <A href="http://greenhellblog.files.wordpress.com/2009/07/ccscosts.pdf"><STRONG>study</STRONG></A> that CCS for just Kyoto Protocol-type CO2 cuts in the U.S. would require the drilling of 161,429 injection wells by 2030 at a cost of 1.61 trillion dollars — and there’s no guarantee that the CO2 would stay sequestered, much less accomplish anything for the climate.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/"><P>That price tag doesn’t include the cost of capturing the CO2 at the point of generation, purchasing rights of way for pipelines, pipeline installation costs, liability insurance etc. Economides says the total cost may be as high as $1 trillion annually. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/"><P>Waxman-Markey-type CO2 limits, which are much more Draconian than the Kyoto Protocol, would obviously be even more expensive.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://greenhellblog.com/2009/07/16/carbon-sequestration-a-costly-pipedream/"><P>It’s quite a price to pay for something that may not work and, even if it did, would accomplish nothing.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/EB9460A4-F0EB-4C17-8DCE-AB4B636FA960/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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