The Environmental Protection Agency's new rules on carbon emissions make carbon capture and storage a make-or-break technology for the coal industry. Ultimately, the fate of the technology and the coal industry lies with market forces, not technical know-how.
Utilities may close up to 1 in 5 coal-fired power plants after tougher EPA air pollution rules go into effect next year, Wall Street investment banker Credit Suisse recently reported. Coal power is losing its price edge to natural gas, too.
An Obama task force Thursday said that carbon capture – in which greenhouse gas emissions would be stored underground – is feasible. It's seen as a promising way to combat global warming.