NEW YORK, NY -- (Marketwire) -- 09/01/10 -- Associated Press research reveals recent and current investment in traditional coal plant investment exceeds clean-coal stimulus spending 10 times over. The findings, as reported by Matt Brown, appeared last week in the Washington Post.
Clean coal energy production received $3.4 billion in the 2009 American Recovery and Reinvestment Act. This sum was intended to further clean coal technologies and the conversion or building of coal plants designed to capture and store greenhouse gases.
Regardless, some $35 billion has been spent since 2008 in building regular, 'old-style' (non-clean) coal plants. Plants that do not capture carbon dioxide. Sixteen in the last two years; sixteen under construction. This is good news, though. According to the AP findings, 151 new coal plants were forecast.
SBI Energy, a leader in cleantech market research, projects the aggregate volume of clean coal electricity generation to grow by 9.4% per year 2009 to 2013 -- a rate nearly 3 times faster than expected underlying global demand for electricity, generally, over the same period. Coal consumption for electricity conversion is expected to increase by 3.9% per year between 2009 and 2013. The value of electricity generated through clean coal technologies is concurrently expected to increase by nearly 11% per year to over $102 billion in 2013.
Coal, currently the most frequently used fuel for electricity generation, produces about 42% of the world's electricity. Its staying power is unquestionable. The juxtaposition of investment in this source, however, is. Learn more from SBI Energy's clean coal report, at http://www.sbireports.com/Clean-Coal-Energy-1926747/.
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