By Todd P. Carington
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Additional info for Carbon Capture and Storage Including Coal-Fired Power Plants
A mechanism that allowed for a longterm price signal for carbon would likely benefit CO2 capture technology R&D programs. Capturing CO2 from Coal-Fired Power Plants… 27 IMPLICATIONS FOR CLIMATE CHANGE LEGISLATION Any comprehensive approach to reducing greenhouse gases substantially must address the world’s dependency on coal for a quarter of its energy demand, including almost half of its electricity demand. To maintain coal as a key component in the world’s energy mix in a carbon-constrained future would require developing a technology to capture and store its CO2 emissions.
61] Karsten Neuhoff, Auctions for CO2 Allowances — A Straw Man Proposal, University of Cambridge Electricity Policy Research Group (May 2007), pp. 3-6. A short-squeeze is a situation where the price of a stock or commodity rises and investors who sold short (believing the price was going to fall) rush to buy it to cover their short position and cut their losses.  Personal communication, Timothy E. Fout, General Engineer, DOE National Energy Technology Laboratory, Morgantown, WV (July 16, 2008).
Apollo program data: Richard Orloff, Apollo By The Numbers: A Statistical Reference, NASA SP-2000-4029, 2004 web update. DOE data: CRS Report RS22858, Renewable Energy R&D Funding History: A Comparison with Funding for Nuclear Energy, Fossil Energy, and Energy Efficiency R&D, by Fred Sissine. Capturing CO2 from Coal-Fired Power Plants… 25 Table 3. Comparison of Various Demand-Pull Mechanisms Source: Congressional Research Service. Comparisons to CO2 Capture R&D at DOE Current DOE spending on CCS technology development (discussed above) is far below levels of funding for the Manhattan project and Apollo program and for the energy technology R&D programs at their peak spending in the late 1970s and early 1980s.
Carbon Capture and Storage Including Coal-Fired Power Plants by Todd P. Carington