DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kxcxn5/global_thermal) has announced the addition of the "Global Thermal Policy Handbook 2013" report to their offering.
Energy efficiency, energy security and climate change are the foundations of most countries' power policies, globally. Almost all countries globally are working towards green, low-carbon, sustainable development. Various governments are taking steps to curb their Greenhouse Gas (GHG) emissions from the power sector. They have been continuously formulating new regulations for constructing new thermal power plants and improving existing ones to address climate change and increase power generation rates.
Energy security is now considered crucial, as energy is a primary requirement in all industries and vital to economic growth. Thermal power, being the most reliable source of power generation due to its high capacity factor and the abundance of reserves, is mostly preferred by countries that have huge electricity demand. They have been taking various measures to ensure a sustainable and continuous energy supply to all sectors and people. Various countries have been investing heavily in R&D to improve fossil fuel technologies that can generate power at a higher capacity factor whilst having a minimal impact on the environment. Currently, governments around the world are formulating plans and policies to encourage the adoption of more efficient technologies at the commercial level.
CHP and CCS Gaining Significant Attention Globally
Carbon Capture and Storage (CCS) is one of the most efficient technologies for reducing carbon dioxide emissions while still maintaining the use of fossil fuels for electricity generation. The technology enables the safe removal and permanent storage of carbon dioxide emissions from fossil fuel power plants. Similarly, Combined Heat and Power (CHP) is an efficient and clean approach to generating electricity and useful thermal energy from one fuel. Together, these two technologies are in high demand in countries where electricity is mainly generated from thermal resources. The governments of major economies have been focusing substantially on the mandatory adoption of these technologies to reduce emissions from their respective power sectors.
The US government has rolled out various acts and policies, such as the Energy Improvement and Extension Act (EIEA) of 2008, the Clean Energy Standard Act of 2012, the and the Energy Policy Act of 2005, which not only make the adoption of CCS and CHP technologies obligatory, but also supports power facilities financially in adopting such technologies. Likewise, other countries such as India and China and European countries such as the UK and Germany have also been taking significant steps towards the adoption of these technologies on the commercial level in order to reduce local emissions.
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