The problem? In all of the fevered recent discussions over next steps for climate legislation, I haven't heard anyone put forward a template for a bill that would lock in a carbon pricing path coming anywhere close to $60 to $95 a ton on a timescale that would make the technology globally competitive in time to blunt the burst of emissions coming by 2030 in China and India. (Click here to explore federal projections of carbon costs under various bills. Some bills included provisions that would give carbon-capture projects enough extra credits to reach that high carbon payout from the start.*)
That's why, to my mind, clean coal, in the context of climate change, remains an enticing, but empty, pipe dream.
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