A GLOBAL COAL RENAISSANCE?
While coal currently accounts for less than 1% of the primary energy production throughout the Middle East, that is expected to significantly change over the next decade, notes Moscow-based writer and political analyst Dmitriy Frolovskiy in RealClear World. The United Arab Emirates, Oman, Jordan, Turkey and Iran all have plans for new coal capacity amid energy security concerns and a broader need for power growth. There are already plans for a major new coal plant in Egypt, whose growing population and underequipped power sector have left it with summer blackouts and a continual energy shortage. Other coal facilities are also being considered in Egypt.
Jay Faison has long noted this growing global demand for reliable power by showcasing India as a prime example of the need for U.S.-led carbon capture technologies.
Of the 1.2 billion people who lack access to electricity today, roughly 240 million are in India. On top of that, energy demand there is going to quadruple as they plug-in to the 21st century, requiring a rapid build-out of new electricity sources. India sits on the fifth largest coal reserve in the world and is going to heavily rely upon it to meet this growing demand. But India’s commitment to addressing climate change and a growing interest in U.S. carbon capture technologies - including those being researched at Southern Company’s National Carbon Capture Center - was also evident when Jay met with India’s Secretary of Coal Susheel Kumar in Birmingham last September.
That’s why recently successful bipartisan efforts to extend the Section 45 tax credit for carbon capture projects and the latest push to bolster carbon pipelines and other infrastructure is so crucial even if coal demand in the U.S. is dropping.
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