CCS “most efficient” power technology
1 Oct 2013
Carbon Capture and Storage (CCS) is one of the most efficient technologies for cutting emissions while maintaining fossil fuel electricity generation, according to a new report.
Research firm GlobalData also highlights the strength of Combined Heat and Power (CHP) technology in its report, The Global Thermal Policy Handbook 2013, published yesterday.
CHP, says the report, “provides an efficient and clean approach to generating electricity, and useful thermal energy, from one fuel”.
Both CCS and CHP technologies will, according to the report, drive growth in the global thermal power market, with generation expected to hit 19,869 TWh by 2020.
“These two technologies are in high demand among countries where electricity is mainly generated from thermal resources, and the governments of major economies have been focusing substantially on the mandatory adoption of such technologies to help reduce emissions from their respective power sectors,” said GlobalData power analyst Sayani Roy.
US government policies such as the Energy Improvement and Extension Act (EIEA) of 2008, the Clean Energy Standard Act (2012) and the Energy Policy Act (2005), make the adoption of CCS and CHP technologies obligatory.
Meanwhile, countries such as India, China, the UK and Germany have also been taking significant steps towards the adoption of these technologies in order to reduce local emissions.
“There are many plans and policies currently being formulated across the globe to ensure sufficient take-up of these more efficient technologies,” said Roy.
“If successful, this will provide a significant boost for the thermal power market over the forecast period.”
