ST. LOUIS, Nov. 13, 2017 /PRNewswire/ -- As the U.N.
Conference of the Parties begins in Bonn, Germany, Peabody at a panel sponsored by the
U.S. Government said it intends to continue to promote today's
high-efficiency, low-emissions (HELE) coal-fueled generation
technologies and carbon capture, use and storage over time as
essential to meeting the world's goals around low-carbon energy
sources.
"How does society square the interests of a world in which
leaders have identified a goal of reducing greenhouse gas
emissions, even as global coal demand is strong and scores of new
coal-fueled generating plants continue to be built every year?"
said Peabody Vice President of Coal Generation and Emissions
Technologies Holly Krutka. "At Peabody, we believe that
technologies offer the best common-ground approach with the widest
appeal and greatest chance of meeting the world's many energy
demands and emission-reduction goals."
During the past five years, about one new 500 megawatt
coal-fueled power plant came on line every three days, with many
using HELE technology. HELE coal plants result in a smaller
environmental footprint, achieving as much as a 25 percent
reduction in a plant's carbon dioxide emissions rate while also
achieving overwhelming reduction in conventional emissions.
Peabody also believes that longer-term investments in
next-generation carbon capture are needed to transition toward
energy from coal that is virtually free of emissions. Studies
have shown that the costs of achieving the goals of global climate
agreements would more than double without the inclusion of carbon
capture, and researchers have stated that excluding carbon capture
from the mix increases the median estimated mitigation costs from
about 2 percent of global gross domestic product (GDP) annually to
a stunning 5 percent of GDP.
Peabody has invested $300 million
over the past two decades in global partnerships and projects in
Australia, China and the United
States to deploy today's clean coal technologies and advance
next-generation solutions toward near-zero emissions from coal
plants. The company also annually honors companies that have
demonstrated leadership and innovation in clean coal technologies
through the Global Clean Coal Leadership Awards. The awards were
established to showcase coal-fueled power plants for top
environmental performance, highlight innovative leadership and
improve education about the benefits of clean coal
technologies.
Peabody is the world's largest private-sector coal
company. The company is also a leading voice in advocating
for sustainable mining, energy access and clean coal
technologies. Peabody serves metallurgical and thermal coal
customers in more than 25 countries on five continents. For
further information, visit PeabodyEnergy.com.
Media Contact:
Vic
Svec
314.342.3400
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SOURCE Peabody