Word: coal
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Dates: during 2000-2009
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...sooner. And as the CEO of a publicly traded company, he has to make decisions that will affect shareholders decades in the future. Power plants have life spans of 50 years, and if carbon is taxed, the fuel calculus of those plants changes radically. "We're very dependent on coal," says Rogers, "and if you're going to have earnings growth that's sustainable over a long period of time, you [need] certainty on the carbon issue...
...board of a merger with Duke Energy, Rogers is poised to run one of America's largest utilities, and he aims to lead by example. In recent years, Cinergy has spent $1 billion to increase its use of cleaner-burning natural gas, including $200 million to convert a coal-fired plant, and Rogers has cut Cinergy's reliance on coal from 87% of its fuel to 73%. He has pledged to reduce Cinergy's CO2 emissions 5% below 2000 levels by 2012, and he is investing in projects to sequester carbon in forests. Rogers is evaluating coal- gasification technology...
...clean energy as badly as the developed world needs China to clean up, which is why he joined the Tsinghua-BP Clean Energy Research and Education Center as director when it opened in July 2003. The center's most promising project is a new technology called polygeneration, by which coal is converted into a cleaner gaseous fuel that can both generate electricity and be processed into a petroleum substitute. Polygeneration could cut the carbon emissions China generates by burning its copious coal reserves and reduce its dependence on oil imports. While his team continues to refine the technology...
...into the atmosphere, more of the sun's heat gets trapped, and the planet gets a fever BURNING FOSSIL FUELS RELEASES CARBON FUELING THE FIRE The amount of carbon dioxide in the atmosphere is climbing fast. Most of it comes from burning fuels for energy--gasoline in cars or coal for electricity, for example. The U.S., with less than 5% of the world's population, produces one-quarter of all greenhouse gases BURNING FORESTS REDUCES OXYGEN AND INCREASES DROUGHT SPREADING THE PAIN Deforestation, through clear-cutting or burning, sows havoc far beyond the affected area. The fires release still more...
...carbon emissions--and that is not likely to change after the agreement expires in 2012. Both countries are desperate for energy to fuel the economic expansion that is pulling their citizens out of poverty, and despite bold investments in renewables, much of that energy will have to come from coal, the only traditional energy source they have in abundance. Barbara Finamore, director of the Natural Resources Defense Council's China Clean Energy Program, estimates that China's total electricity demand will increase by 2,600 gigawatts by 2050, which is the equivalent of adding four 300-megawatt power plants every...