Executive Briefings

GE: Tech Upgrades Could Cut Power Plant CO2 Emissions by 1Bn Metric Tons

Carbon dioxide emissions from the world's fleet of coal and gas plants can be reduced by 10 percent using existing hardware and software upgrades, according to a recently released General Electric report.

GE: Tech Upgrades Could Cut Power Plant CO2 Emissions by 1Bn Metric Tons

The report comes as countries around the world are looking to transition to lower-carbon energy futures and meet the Paris climate agreement targets. It also comes as U.S. climate regulations face an uncertain future when president-elect Donald Trump takes office in January.

According to the International Energy Agency, about 41 percent of global electricity generation comes from coal-fired power plants and 22 percent comes from gas-fired power plants. The IEA estimates that both fuels will see increased use over the next decade.

GE says its new analysis is the first to quantify the emission reductions of using existing technologies to upgrade coal and gas-fired power plants.

“The technology to make coal and gas more efficient is available now — countries and companies alike should be taking advantage of this to lower their carbon output,” said GE’s Deb Frodl, global executive director of ecomagination in a statement.

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The report comes as countries around the world are looking to transition to lower-carbon energy futures and meet the Paris climate agreement targets. It also comes as U.S. climate regulations face an uncertain future when president-elect Donald Trump takes office in January.

According to the International Energy Agency, about 41 percent of global electricity generation comes from coal-fired power plants and 22 percent comes from gas-fired power plants. The IEA estimates that both fuels will see increased use over the next decade.

GE says its new analysis is the first to quantify the emission reductions of using existing technologies to upgrade coal and gas-fired power plants.

“The technology to make coal and gas more efficient is available now — countries and companies alike should be taking advantage of this to lower their carbon output,” said GE’s Deb Frodl, global executive director of ecomagination in a statement.

Read Full Article

GE: Tech Upgrades Could Cut Power Plant CO2 Emissions by 1Bn Metric Tons