Critics of EPA’s pending carbon dioxide regulations harp on the same tired phrases: “The control technology isn’t commercially available.’’ “The rules will cost too much.’’ “The regulations will devastate the coal industry and force utilities to close their coal plants.’’ At hearing after hearing on Capitol Hill this year, these tropes have been tossed out as fact by critical congressmen and industry officials—but are they? Is the control technology available? How much will it cost? And what impact will it have on the coal and utility industries?
The Importance of Technology
We will get to those questions in a minute, but first I want you to look carefully at the chart below and tell me what’s missing. Take your time, it’s important.
Figured it out yet? Well, if not, don’t be ashamed, it really is just an indicator of how quickly technology can change the status quo. What’s missing is the state of Pennsylvania.