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Work Area: Carbon CaptureRegion: U.S.Content Type: Article
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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 Status of Carbon Capture Projects in the U.S. (And What They Need to Break Ground)
In February 2018, the U.S. Congress passed the Bipartisan Budget Act, which included the expansion and extension of the 45Q tax credits for carbon capture utilization and storage (CCUS.) The updated incentive was designed to be much more effective in driving new CCUS projects and immediately generated private sector interest….
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Can Carbon Capture Achieve 99+% CO2 Removal from Industrial and Power Plants?
Scientific studies of climate change have reached a sobering conclusion. It won’t be enough just to make deep reductions in carbon dioxide releases. By the second half of this century, all CO₂ emissions must be removed from the energy system. This requirement means capturing 90% of the CO₂ emissions from…
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CATF Statement on the CLEAN Future Act
“Clean Air Task Force is encouraged to see the progress made by the House Energy and Commerce Committee leadership in creating the ‘CLEAN Future Act’ framework for a comprehensive climate bill that will achieve 100 percent decarbonization by 2050,” said Conrad Schneider, Advocacy Director of Clean Air Task Force. “From…
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National Petroleum Council Issues Positive Report on CCUS
CATF says we can keep costs down and innovation up. The National Petroleum Council (NPC) released its new report on carbon capture, transport and storage this week. The report underscores the importance of carbon capture and identifies policies that would make the technology widespread across the industrial and power sectors….
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Carbon Capture, Utilization and Storage: Four Critical Policy Goals
The Global Carbon Capture and Storage Institute (GCCSI) has just released its latest annual report with some positive news about new projects, but at the same time, presenting a clear-eyed view on how far and how quickly we must proceed if carbon capture, utilization & storage (CCUS) is to play…
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CATF Statement on Introduction of Smith and Luján CES Bills in Senate and House
Today, Senator Tina Smith (D-MN) introduced a bill in the U.S. Senate that will set a federal Clean Energy Standard requiring decarbonization of the electric power sector by mid-century. Rep. Ben Ray Luján (D-NM) is introducing a companion bill in the House. Clean Air Task Force, an NGO dedicated to…
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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…
