Two Countries Inked Deal that will Create Climate Policy
Last Tuesday China and the United States has signed eight partnership agreements that will cut greenhouse gases and bring the world’s two largest carbon emitters closer together on creating a climate policy. The agreements involves companies and research institutes that was signed in Beijing two days ahead of a planned visit of top Obama administration officials namely Energy Secretary Ernest Moniz, Treasury Secretary Jack Lew and Secretary of State John Kerry.
Among the agreement signed is a memoranda of understanding in which China’s Huaneng Clean Energy Research Institute and Washington based Summit Power Group has agreed to share any information on using clean coal power generation technology. Huaneng is part of a Chinese consortium that operates a 400 megawatt integrated gasification combined cycle plant in Tianjin. Based on the memoranda the company will share information with Summit Power to break ground on a similar project planned in Texas once it secures engineering and procurement support from Petrochina. Summit Power in turn will give information and technology in recovering oil from captured carbon.
The partnership of Summit Power and Huaneng will speed up the sharing of information on carbon capture and storage of power. The University of Kentucky another coals state university will partner up with Shanxi Coal International Energy Group and Air Products and Chemical will work on a project feasibility that will study a 350 mega watt supercritical coal fired power plant that can capture 2 million tons of carbon dioxide annually.
The U.S. delegation is currently in China to do a sixth round of discussion on the U.S. China Strategic and Economic Dialogue with high level meeting that are focused on cooperation in security and agriculture.