“Energy access is a human right and a rapidly rising need”, said Peabody Energy Chairman and Chief Executive Officer, Gregory H. Boyce, who spoke at CERAWeek, 2011. Boyce presented coal as the fuel to provide for global energy demand into the future. Just for the four days of the conference Boyce highlighted
carbon capture and sequestration
Researchers at the University of California, Los Angeles have created a synthetic “gene” they say can capture carbon dioxide emissions.
Omar M. Yaghi, a professor of chemistry and biochemistry, has developed thousands of so-called crystal sponges that absorb gases and have proven effective in the lab at storing CO2.
The synthetic crystals, which code information in a “DNA-like manner,” have nanoscale-sized pores that Yaghi says allow molecules to go in and out.
Clean tech companies hoping to capitalize on the 30% Advanced Energy Manufacturing Tax Credit (48C) for re-quipping, expanding, or establishing a manufacturing facility must submit a preliminary application for Department of Energy (DOE) recommendation by September 16, 2009. The federal government has allocated $2.3 billion for this credit. If the limitation is reached during the first allocation round (2009-2010), then no further credit will be permitted.