This work is key. According to NETL, over the next 30 years, new coal production of 145-345 million tons could result in 47,500 coal mining jobs. The carbon products could also result in product value of near $139 billion and 480,000 manufacturing jobs tied directly to carbon products.
To continue to reap the many benefits of coal, we need to make it cleaner. DOE is doing its part via a new initiative called Coal FIRST, which will lay the groundwork for tomorrow’s coal plants by making them flexible, innovative, resilient, small, and transformative. Our goal is that one day those plants will become emissions-free.
Across the country, we’re also working with our private sector partners to advance the commercial deployment of carbon capture utilization and storage, or CCUS, technologies. Perhaps the greatest hurdle to commercializing CCUS are the costs associated with carbon capture, which represent 75 percent of total CCUS costs.