With the conference in Copenhagen swiftly approaching, and the Senate analog to the Waxman-Markey "American Clean Energy and Security Act" struggling towards the floor, little doubt remains that fossil fuel-burning power plants will soon face either fines for, or mandatory reduction of, carbon emissions. Luckily, a team at MIT has devised a power plant set up that generates power from fossil fuels, but does so with almost none of the carbon emissions.
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The only drawback is the price, at least for now. If a pricing scheme similar to the cap-and-trade system in the Waxman-Markey bill enters into law, the cost of burning coal or natural gas for energy will exceed the cost per kilowatt hour of the MIT-designed solid oxide fuel plant.
Obviously, none of these plants have been built yet, but a prototype plant will go online in 2012, and the MIT plan utilizes only technology that already exists on the market. Considering today was a 60 degree day in New York City, in December, maybe those MIT boys need to work a little faster.
Source : MIT, 12/03/09
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