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Carbon Capture Provisions in the Inflation Reduction Act of 2022

August 19, 2022 Category: Policy Work Area: Carbon Capture
carbon capture provisions

The Inflation Reduction Act of 2022 (IRA) provides critical updates to the 45Q tax credit, which incentivizes the use of carbon capture and storage – a climate solution that the Intergovernmental Panel on Climate Change (IPCC) and International Energy Agency (IEA) have found is likely to play a vital role in efforts to address climate change.