Reports in the legacy media regularly claim that we are rapidly eliminating fossil fuels, and the energy transition is steamrolling its way to success. Data, however, appears to show a different picture.
According to the Energy Policy Research Foundation, fossil fuels remain critical to keeping the lights on. In 2023, coal, natural gas and oil-fired power plants produced 18 terawatt hours of electricity, which was 60% of the total. This was a decline of 62% in 1993.
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The administration’s announcement refers to carbon capture as “proven and cost-effective control technologies,” but critics have argued that the technology is expensive to scale up to a degree it can have any impact on carbon dioxide emissions and will drive up energy costs.
The Biden administration finalized four rules regarding power plants Thursday. One of the Environmental Protection Agency’s rules will require all existing coal plants and new natural gas-fired power plants to implement carbon capture technology.
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