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The return on investment of the clean coal technology program in the USA

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  • Bezdek, Roger H.
  • Wendling, Robert M.

Abstract

We analyze the return on investment of the U.S. federal government’s clean coal technology (CCT) program for the period 2000–2020. We estimate total costs to government and industry and quantify benefits for: (1) Reduced capital costs of advanced technologies in new plants; (2) Reduced capital and operating costs at existing plants to remain compliant with environmental regulations; (3) Reduced fuel costs due to higher efficiencies; (4) Avoided environmental costs; (5) The value of clean coal technology export sales; (6) Jobs created. We find that benefits over the 20-year period total $111 billion (2008 dollars); the benefits in individual categories range from $15 billion in fuel cost savings to $39 billion for capital and technology cost savings in new and existing plants; and that total jobs created exceed 1.2 million, with an annual average of about 60,000 jobs created. We also find that the return on investment to DOE from the CCT program is favorable and is growing rapidly: By 2020, the cumulative DOE costs will likely total $8.5 billion, for an ROI of more than 13.

Suggested Citation

  • Bezdek, Roger H. & Wendling, Robert M., 2013. "The return on investment of the clean coal technology program in the USA," Energy Policy, Elsevier, vol. 54(C), pages 104-112.
    • Handle: RePEc:eee:enepol:v:54:y:2013:i:c:p:104-112
    DOI: 10.1016/j.enpol.2012.10.076
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    Citations

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    Cited by:

    1. Zhihua Zhang, 2015. "Techno-Economic Assessment of Carbon Capture and Storage Facilities Coupled to Coal-Fired Power Plants," Energy & Environment, , vol. 26(6-7), pages 1069-1080, November.
    2. Nannan Wang & Xiaoyan Chen & Guobin Wu, 2019. "Public Private Partnerships, a Value for Money Solution for Clean Coal District Heating Operations," Sustainability, MDPI, vol. 11(8), pages 1-18, April.
    3. Meizhen Zhang & Tao Lv & Xu Deng & Yuanxu Dai & Muhammad Sajid, 2019. "Diffusion of China’s coal-fired power generation technologies: historical evolution and development trends," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(1), pages 7-23, January.
    4. Xingyuan Wang & Fan Jia & Yutao Wang, 2015. "Evaluation of Clean Coal Technologies in China: Based on Rough Set Theory," Energy & Environment, , vol. 26(6-7), pages 985-995, November.
    5. Jinchun Zhang & Shiheng Guan & Jinxiu Hou & Zichuan Zhang & Zhaoqian Li & Xiangzhong Meng & Chao Wang, 2019. "Markov Chain Simulation of Coal Ash Melting Point and Stochastic Optimization of Operation Temperature for Entrained Flow Coal Gasification," Energies, MDPI, vol. 12(22), pages 1-23, November.

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