The Congressional Budget Office reports that carbon capture development hasn't progressed enough to be financially sustainable, despite federal grants of $6.9 billion since 2005, The Washington Post reports.
Senate Energy and Natural Resources Chairman Jeff Bingaman's proposal to create a national clean energy standard won't go far this year but could eventually renew efforts to find a legislative solution to climate change following the failure of cap-and-trade, says Judi Greenwald, Vice President for Technology and Innovation at the Center for Climate and Energy Solutions.
Some 31 states already have renewable or clean energy mandates, and others have voluntary programs. Bingaman's Clean Energy Standard Act of 2012 would extend such a standard to all states in an attempt to meet President Barack Obama's call for a doubling of zero-carbon electricity by 2035.
Coal would lose out big to nuclear and renewables, while average electricity prices would rise, under the clean energy standard proposed by Senate Energy and Natural Resources Chairman Jeff Bingaman, the Energy Information Administration reported on Wednesday.
The Clean Energy Standard Act by Bingaman, D-N.M., would prompt average electricity prices to rise 4 percent by 2025 and 18 percent by 2035, as generators are forced to add more renewable and nuclear generation, EIA said.
It cautioned, however, that price impacts would vary widely because the bill exempts smaller electric providers.
Backers of the FutureGen clean-coal research project have completed their formal application and now await a decision by the Energy Department.
Spokespersons for the project and the department said the public-private FutureGen Alliance submitted its final application on March 19. Neither would predict when Energy Secretary Steven Chu will decide whether to award $1 billion in federal stimulus money to the Illinois-based demonstration project.
"In the coming weeks, the department will thoroughly review that application and make a decision as soon as possible," department spokeswoman Tiffany Edwards said. She added, "Secretary Chu believes that the FutureGen technology has real merit."
Sen. Lamar Alexander, R-Tenn., pledged to push a vote to complete the Yucca Mountain nuclear waste facility in Nevada if Senate Majority Leader Harry Reid, D-Nev., moves to limit filibusters, Roll Call reports.