Viewing page 22 of 26
U.S. Department of Energy Goes Deep, Investing in Geologic Carbon Storage
The U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) made an important decision in late April to fund five CarbonSAFE project applications for a total of $85 million. These five projects are part of the Carbon Storage Assurance Facility Enterprise (CarbonSAFE), a NETL initiative to further the development of…
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…
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….
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…
CCUS in California: Climate Opportunity and Policy Need
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…
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….
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…