Author
Kurt Waltzer
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Two New Senate Tax Bills Focus on System Decarbonization
Two bills introduced over the past week are looking to use tax incentives to drive technology innovation and system decarbonization: the Clean Energy for America Act (CEAA), introduced by Senate Finance Chair Ron Wyden (D-OR) and the bi-partisan Energy Sector Innovation Credit (ESIC) bill, introduced by Senate Finance ranking member Mike Crapo (R-ID) and Senator Sheldon Whitehouse (D-RI). Tax credits can play an important role in incentivizing technologies…
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CATF Comments on the Revision of the TEN-E Regulation
CATF welcomes the European Commission’s climate ambition, leadership on decarbonization and innovation, and pursuit of policies to decouple greenhouse gas emissions from economic growth. CATF also strongly supports the EU’s ambition to become climate neutral by 2050, and welcomes the revision of the TEN-E regulation to ensure compatibility with the…
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CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects
Kurt Waltzer, Managing Director, Clean Air Task Force, has issued the following statement: “CATF welcomes the long-awaited IRS guidance on 45Q tax credits. With it, CCS developers can move ahead on projects with certainty as to how the credits will be administered. As the IPCC has noted, large scale deployment…
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Do it right – the IRS shows why it pays to comply with storage standards
Thanks to Senator Robert Menendez’s (D-NJ) persistent efforts, the IRS just provided him with details on how it is enforcing compliance with the 45Q tax credit for carbon capture, utilization and storage (CCUS). The IRS letter underscores the importance of transparency and appropriate oversight of geologic storage as a part…
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The Need for an Adequate Commence Construction Window for 45Q Federal Tax Credits for CCUS
Developing a carbon capture utilization and storage (CCUS) project can take as long as five years and require investments of close to $50 million before construction can begin. To take advantage of the current 45Q tax credit, construction on a CCUS project must commence before January 1, 2024. Despite the…
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CATF Statement on Murkowski, Manchin CCUS Legislation
Clean Air Task Force supports Senators Manchin and Murkowski in their efforts to expand support for transformational carbon capture utilization and storage technologies in the proposed Enhancing Fossil Fuel Energy Carbon Technology Act. CATF supports the bill’s goal of creating four new programs to further develop transformational CCUS technologies for…
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Kurt Waltzer testimony before Senate Environment and Public Works Committee on USE IT Act
On February 27, 2019, CATF’s Kurt Waltzer testified before the U.S. Senate Environment and Public Works Committee in support of the bipartisan USE IT Act that would support innovation in the areas of direct air capture and CO2 utilization, while also helping to facilitate infrastructure development that would benefit all…
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Welcome to the New World of 45Q
The adoption by Congress of the FUTURE Act in February was a major step toward ensuring that carbon capture, utilization and storage (CCUS) can be an important tool in the kit for addressing global warming.
