CATF Releases Modeling Study That Shows 45Q Carbon Capture & Storage Federal Tax Credit Can Have A Major Impact On CO2 Emissions Reductions Through 2030
Clean Air Task Force (CATF) today released a comprehensive report on the near-term implications of the federal tax credit (45Q) for carbon capture and storage (CCS) projects. The study found that, as a result of tax credit legislation known as 45Q, which was extended and expanded in early 2018, nearly 49 million metric tonnes of
CCS Could Reduce 49 Million Tonnes of CO2 Emissions From Coal & Gas Power Plants
This time last year, the U.S. Congress passed a bipartisan bill called the Bipartisan Budget Act, which expanded and extended the 45Q federal tax credits for carbon capture and storage (CCS.) Happy anniversary, 45Q! As we entered a new world of 45Q, CATF took on the task of quantifying the impact of 45Q in the […]
Electricity Decarbonization – How’s That Working Out?
Most analyses of the requirements to stabilize the planet at warming of no more than 2 degrees Celsius above pre-industrial levels envision a zero-carbon-emitting electric grid at or before 2050.
Taking Carbon Capture to the Next Level
Imagine a world where there is broad bi-partisan support in Congress for legislation that would drive the development and deployment of a technology that’s crucial for combating global warming and, at the same time, creating a near-zero-carbon path forward for fossil fuels.