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U.S. Senators introduce critical improvement to 45Q tax credit, completing proposed carbon capture legislative package
WASHINGTON — U.S. Senators introduced the CATCH (Coordinated Action To Capture Harmful Emissions) Act today, which raises the value of the 45Q tax credit, a crucial incentive for accelerating carbon capture and storage projects. “Carbon capture is critical to decarbonizing our global energy system, and its momentum in the U.S….
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EPA to reconsider National Ambient Air Quality Standards for particulate matter, returning to science-based expert review
The EPA announced today it will reconsider the National Ambient Air Quality Standards for particulate matter, which were previously undermined by the Trump Administration. Hayden Hashimoto, CATF Staff Attorney said: “Today’s announcement that the Environmental Protection Agency will be reconsidering the National Ambient Air Quality Standards (NAAQS) for particulate matter represents…
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CATF statement on IEA report on financing clean energy in developing economies
Washington D.C. – A new report from the International Energy Agency, World Bank, and the World Economic Forum finds that annual clean energy investments in emerging and developing economies will need to increase sevenfold – to more than $1 trillion by 2030 – to put the world on track to achieve net-zero emissions by…
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New analysis reveals stark disparities in methane emissions and emissions intensity between major oil and gas operators
BOSTON – A first-of-its-kind analysis from Ceres and the Clean Air Task Force provides investors, operators, natural gas purchasers, policymakers and regulators with the data needed to directly compare relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions for nearly 300 U.S. oil and gas producers….
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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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IEA Report Marks Historic Inflection Point, Underscoring Need for Urgent Action to Develop Carbon Free Technologies
BOSTON (May 18, 2021) – The IEA released a special report today that charts the course for the global energy sector to reach net zero carbon emissions by 2050, marking “an historic inflection point in the global climate solutions debate,” said Clean Air Task Force Executive Director Armond Cohen. The report, Net-Zero by 2050: A Roadmap for the Global Energy…
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EPA Rescission of Trump-era Cost-Benefit Rule is an Important Step Forward
The EPA has moved to rescind the Trump-era cost-benefit rule. Hayden Hashimoto, CATF Staff Attorney said: “We are pleased to see another pullback of a Trump EPA rule that was designed to impair efforts to protect public health and the environment. EPA’s action is an important step toward clearing away another Trump midnight rule that put…
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CATF Statement on Port of Rotterdam CO2 Storage Award
BRUSSELS, 2021/05/10 – The Dutch government yesterday granted €2 billion in subsidies to a consortium planning to deploy a massive new carbon capture and storage project at the Port of Rotterdam. “This is incredibly positive news, coming just a few months after the Norwegian Government invested in the Longship Project….
