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Follow on Google News | $3.4 Billion Clean Coal Stimulus Up In Smoke?, queries SBI EnergyClean coal energy production received $3.4 billion in the 2009 American Recovery and Reinvestment Act. The sum was intended to further clean coal technologies and the conversion or building of coal plants to capture and store greenhouse gases.
By: SBI Energy 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’ 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/ # # # About SBI Energy SBI Energy, a division of MarketResearch.com, publishes research reports in the industrial, energy, building/construction, and automotive/transportation markets. SBI Energy also offers a full range of custom research services. To learn more, visit www.sbireports.com. Follow us on LinkedIn and Twitter. Please direct all press inquires to: Jenn Tekin Marketing Manager (240) 747-3015 jtekin@sbireports.com End
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