John Kerry, the U.S. special presidential envoy for climate, is arguing that renewable energy will become “far more price competitive” provided the oil and gas energy industry is forced to follow expensive carbon capture and storage requirements.
“It is imperative that we meet our [climate] goals. And that will require capturing emissions which are the real problem, the real enemy,” Kerry said during an interview with MSNBC. He then pointed out that the price of renewable assets like wind, solar, and battery storage are coming down. The renewable options are going to be “far more price competitive than oil and gas if they have to spend huge amounts of money for carbon capture and storage and utilization.”
