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Work Area: Carbon CaptureRegion: U.S.Content Type: Article
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U.S. House of Representatives Reintroduces Crucial Legislation to Optimize the 45Q Tax Credit
WASHINGTON, February 16, 2021 – Representatives David McKinley (R-WV) and Marc Veasey (D-TX) introduced the Accelerating Carbon Capture and Extending Secure Storage through 45Q (ACCESS 45Q) Act to optimize the 45Q tax credit that supports carbon capture, removal, and storage deployment as a critical means for achieving a net-zero emissions US economy by mid-century. The bipartisan piece of legislation aims to optimize…
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In a Reversal, EPA Maintains Standard for Coal-Fired Power Plants Based on CCS
Yet, in a last-minute attempt to protect industry, says power plants are the only sources whose climate emissions can be regulated. After proposing to repeal the first ever U.S. greenhouse gas standards issued in 2015 for coal-fired power plants – which are based on partial carbon capture and sequestration (CCS) – EPA decided…
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CATF Statement on final 45Q Tax Credit Guidance
CATF welcomes that after almost three years, IRS has issued final guidance on how to claim the 45Q tax credit. “The clock is ticking to reduce emissions as soon as possible to fend off the worst effects of climate change,” said Lee Beck, CCUS Policy Innovation Director, and added “carbon…
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CATF Statement On Landmark CO2 Infrastructure Bill Introduced In Us House Of Representatives
WASHINGTON, Dec. 16, 2020 – Today in the US House of Representatives, four Members of Congress introduced a landmark bill to advance essential infrastructure to enable carbon capture, utilization, removal, and storage as a critical means of reducing CO2 from hard-to-decarbonize sectors on the road to net- zero emissions by…
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Senate, House Introduce Crucial Legislation to Optimize 45Q Tax Credit for Carbon Capture Projects
WASHINGTON, Dec. 8, 2020 – Yesterday, seven US senators introduced the 45Q Carbon Capture Utilization and Storage Tax Credit Amendments Act of 2020 to optimize the 45Q tax credit that supports carbon capture and storage deployment as a critical means for achieving a net-zero emissions US economy by mid-century. The Senate introduction comes on the heels of the Accelerating Carbon Capture and…
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Seven Carbon Capture Policy Priorities for the Biden-Harris Administration
“We should be moving toward finding the new technologies that are going to be able to deal with carbon capture”, said President-elect Joe Biden in his town hall conversation, identifying carbon capture technologies as crucial to a pathway to deliver regional economic opportunities, create jobs, and achieve net-zero emissions by…
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A New Study on Electric Reliability under Deep Decarbonization in New England
A new study, carried out by the Energy Futures Initiative (EFI) and Energy and Environmental Economics (E3), is a thoughtful and rigorous analysis of what could be required to achieve net-zero economy-wide GHG emissions in New England, emphasizing the need to substantially expand the region’s electric sector, the importance of…
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As Europe Progresses Net-Zero Infrastructure US Risks Technology Leadership
Last month the International Energy Agency made headlines with a stark warning about the potential climate impacts of failing to commercialize carbon capture technologies, concluding that it will be “virtually impossible” to reach net-zero emissions without carbon capture. The IEA’s latest carbon capture report also reckoned that with ample geologic…
