Meeting Base Load Needs in the Face of Carbon Constraints
Session Two: Carbon—Status in the Midwest
1610 Engineering Hall, Engineering Centers Building
This is the second in a series of workshops designed to explore base load options. Workshop one explored renewables, workshop three will explore nuclear.
This Seminar will feature a presentation by Steven Stoft, consultant and author of “Carbonomics—How to Fix the Climate and Charge it to OPEC”
Fossil fuel use is the single largest contributor to anthropogenic carbon emissions with 41% of U.S. carbon emissions coming from power and heat generation. Much of the public debate about our energy future has been focused on non-emitting and carbon-neutral renewable sources while “clean coal” and other fossil based strategies are often after-thoughts.
To most, restrictions on carbon emissions are inevitable. Equally as unavoidable is the reality that fossil fuel reliant investments will play an important role in energy production for the foreseeable future. Given our assumptions about the road that lies ahead, what strategies exist for utilizing fossil fuels in a responsible way?
While a complete attempt to answer this question necessitates an examination of all the alternatives, this program will specifically assess the role of fossil fuel based sources in meeting this challenge.
We will address:
What is the role of Coal, Gas, and Carbon Sequestration in the future energy portfolio of the region?
- What technology barriers exist and what are the prospects for overcoming them?
- The economics of carbon
9:10 What are we trying to achieve with carbon reductions in Wisconsin? Can Carbon sources be ruled out?
Pat Connors, WPPI Energy
9:45 Fossil Fuels in the Midwest–Conventional and Alternative Natural Gas
Peter Taglia, Clean Wisconsin
Natural gas power plants in Wisconsin currently provide intermediate and peak load needs, but our fleet of over 2,400 MW of combined cycle plants is capable of providing baseload power. Peter will discuss the fuel availability and cost implications of using natural gas for baseload power as well as some of the alternative sources of natural gas in the Midwest that may influence the use of this fuel in Wisconsin. Peter will share some of the projections of natural gas generation from modeling done for Governor Doyle’s Task Force on Global Warming as well as analysis from the working groups of the Midwestern Governors Association.
10:45 Options for Capture and Storage
Kevin Vesperman, Independent Consultant
- Costs and rate impacts
- Siting considerations and implications for Wisconsin
- The research and demonstration roadmap
- Breakthrough technology that could change the picture
11:30 Fossil Fuels in the Midwest—The IGCC
Nicola Kieves, Excelsior Energy
Coal gasification: a key to successfully dealing with criteria pollutants, climate change, national energy security, and economic growth.
1:00 Regional Perspective—The Role of Fossil Fuels in a Carbon-Constrained Future
John Shenot, Public Service Commission Wisconsin
Status report on the Public Service Commission and Department of Natural Resources Carbon Sequestration Study Group
2:00 The Economics of Cap and Trade: Prices and Incentives
Steve Stoft, Author of Carbonomics
- Cap and trade is a variable carbon tax,
- But you can lock-in the present tax rated by paying in advance.
- Why is carbon pricing (cap or tax) (with no funny stuff) so cheap?
- Why an RES on top of a cap raises costs but saves no carbon.
- How will Renewable and Fuel efficiency standards affect carbon prices?
- Why holding down per-kWh rates increases consumer costs.
- How to give customer refunds as a lump sum.
- How to give utilities and IPPs permits for free without distorting incentives
2:45 Panel Discussion – Short, Medium and Long Time Horizons