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Work Area: Carbon CaptureRegion: U.S.Content Type: Article
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Legislators Introduce Coordinated Action To Capture Harmful (CATCH) Emissions Act to Enhance 45Q Tax Credit for Industrial, Power Sector Decarbonization
WASHINGTON, May 25, 2021 – U.S. lawmakers have introduced the CATCH (Coordinated Action To Capture Harmful Emissions) Act to raise the value of the 45Q tax credit that incentivizes the deployment of carbon capture technologies, rounding out a legislative policy package that could help grow US carbon management capacity 13-fold by the mid-2030s. “Carbon capture is critical to decarbonizing our global system, and we are witnessing unprecedented momentum. The bipartisan CATCH Act is an important piece…
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Scaling Up Climate Ambition: Carbon Capture, Removal, and Storage Priorities in the 117th Congress
Carbon capture, removal, and storage technologies are essential for achieving climate and net-zero emissions goals.
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CATF Supports U.S. NDC, Setting Stage for Actions to Reduce Methane Emissions and Invest in Zero-Carbon Technologies
BOSTON – Clean Air Task Force supports the newly unveiled U.S. Nationally Determined Contribution (NDC) to cut greenhouse emissions by 50 to 52% by 2030, an “appropriately ambitious goal that will boost the American economy – and whose success will hinge on aggressive regulatory actions to U.S. methane and carbon emissions as well as significantly increased federal funding for carbon-free technologies,”…
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The American Jobs Plan: What’s in it for carbon capture?
The American Jobs Plan is the largest investment proposal to commercialize carbon management technologies ever put forward by a single government. The Plan could grow US carbon management capacity by more than 13 fold¹ by 2035 while safeguarding and creating tens of thousands American jobs² and establishing the US as a global leader in innovation and decarbonization.
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Bipartisan Support for Carbon Capture Jobs
Bipartisan support is growing for carbon capture. Both Democrats and Republicans support new efforts to enhance tax credits that reward companies for capturing CO2 and storing it underground. These credits, known as 45Q, are the primary federal policy driver for CCS. First, President Biden’s American Jobs Plan advocates 45Q enhancements…
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U.S. lawmakers introduce a suite of bills to support carbon capture
WASHINGTON, March 26, 2021 – U.S. lawmakers introduced three pieces of legislation aimed at accelerating the deployment of carbon capture, removal, and storage for a net-zero U.S. A group of Senators led by Tina Smith (D-MN) and Shelley Moore Capito (R-WV) introduced the 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021, a “crucial piece of legislation that optimizes the…
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Introduction of a Bipartisan Scale Act – Landmark CO2 Capture, Transport and Storage Infrastructure Bill
WASHINGTON, March 17, 2021 – A bipartisan group of U.S. lawmakers led by Senators Chris Coons (D-DE) and Bill Cassidy (R-LA) and Representatives Marc Veasey (D-TX) and David McKinley (R-WV) introduced the SCALE Act (Storing CO2 and Lowering Emissions Act) today, designed to substantially scale-up carbon capture and removal on…
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US CO₂ Storage and Transport – The Role of the SCALE Act
The Storing CO₂ and Lowering Emissions (SCALE) Act includes key policy pillars designed to overcome the barriers and drive CO₂ infrastructure deployment in the U.S.: The Secure Geologic Storage Infrastructure Development Program will build upon the CarbonSAFE program to provide DOE cost share for commercial CO₂ storage hubs. Increased funding…