OnLocation presents the third and final blog in a series that identifies the top environmental and energy policy challenges for 2021 and beyond. This blog focuses on policies aimed at expanding the use of clean fossil-fueled technologies in the power and industrial sectors with the goal of reducing pollution while preserving fuel diversity, improving grid reliability, and utilizing low-cost domestic sources of coal and natural gas.
Arguably the biggest overarching challenge today is to mitigate the greenhouse gases that contribute to climate change. All energy-using sectors, including the power and industrial sectors, use a mix of energy sources that include fossil fuels (coal, oil and/or natural gas) that release energy-related carbon dioxide (CO2) emissions in the atmosphere. But what if these fossil-fueled technologies could capture and store CO2 instead of emitting it? These technologies exist today but in most cases are too expensive to implement without policy incentives.
This series of blogs provides policymakers, especially state energy offices and non-governmental organizations, with a clear vision of the benefits of each approach to reducing CO2 emissions, how different policy options can enable them, and considerations to make when choosing a path forward. Finally, we recommend integrated energy modeling for analyzing the various policy options.