Author
Deepika Nagabhushan
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CATF Releases Modeling Study That Shows 45Q Tax Credit Can Have a Major Impact On CO2 Emissions Reductions
Clean Air Task Force (CATF) today released a comprehensive report on the near-term implications of the federal tax credit (45Q) for carbon capture and storage (CCS) projects. The study found that, as a result of tax credit legislation known as 45Q, which was extended and expanded in early 2018, nearly…
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Carbon Capture & Storage in the United States Power Sector
This new report is based on a CATF-led U.S. power sector modeling study, which finds that 45Q federal tax credits for carbon capture & storage (CCS) can have a significant impact on CO2 emissions reductions by 2030.
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CCS Could Reduce 49 Million Tonnes of CO2 Emissions From Coal & Gas Power Plants
This time last year, the U.S. Congress passed a bipartisan bill called the Bipartisan Budget Act, which expanded and extended the 45Q federal tax credits for carbon capture and storage (CCS.) Happy anniversary, 45Q! As we entered a new world of 45Q, CATF took on the task of quantifying the…
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California’s CO2 Reduction Program Opens Doors to CCS
In September, California Air Resources Board voted on including CO2 reductions from Carbon Capture and Sequestration technologies under its Low Carbon Fuel Standard Program by incorporating a CCS Protocol into the regulation. Credits under the LCFS program stacked with the 45Q tax credit for CCS make CO2 reductions worth between…
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Cleaning up Power Plants by Recovering Oil: The Game-Changing Climate Strategy
Even with the Clean Power Plan fully implemented, coal-fired generation is predicted to make up 22 percent of the U.S. power generation mix and natural gas will be 33 percent in 2030. Because fossil fuel-fired power plants are by far the largest emitters of carbon dioxide (CO2), which is causing…
