Author
Lee Beck
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The American Jobs Plan: What’s in it for carbon capture?
The American Jobs Plan is the largest investment proposal to commercialize carbon management technologies ever put forward by a single government. The Plan could grow US carbon management capacity by more than 13 fold¹ by 2035 while safeguarding and creating tens of thousands American jobs² and establishing the US as a global leader in innovation and decarbonization.
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A Round-up of Carbon Capture Projects Around The World
2021 will be a year of climate commitments. On the fifth anniversary of the Paris Agreement, the pressure is mounting for nations to raise their ambitions and set firm commitments to reach net-zero by 2050. The nature of those commitments will dictate investment for years to come, which is why…
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U.S. lawmakers introduce a suite of bills to support carbon capture
WASHINGTON, March 26, 2021 – U.S. lawmakers introduced three pieces of legislation aimed at accelerating the deployment of carbon capture, removal, and storage for a net-zero U.S. A group of Senators led by Tina Smith (D-MN) and Shelley Moore Capito (R-WV) introduced the 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021, a “crucial piece of legislation that optimizes the…
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Introduction of a Bipartisan Scale Act – Landmark CO2 Capture, Transport and Storage Infrastructure Bill
WASHINGTON, March 17, 2021 – A bipartisan group of U.S. lawmakers led by Senators Chris Coons (D-DE) and Bill Cassidy (R-LA) and Representatives Marc Veasey (D-TX) and David McKinley (R-WV) introduced the SCALE Act (Storing CO2 and Lowering Emissions Act) today, designed to substantially scale-up carbon capture and removal on…
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US CO₂ Storage and Transport – The Role of the SCALE Act
The Storing CO₂ and Lowering Emissions (SCALE) Act includes key policy pillars designed to overcome the barriers and drive CO₂ infrastructure deployment in the U.S.: The Secure Geologic Storage Infrastructure Development Program will build upon the CarbonSAFE program to provide DOE cost share for commercial CO₂ storage hubs. Increased funding…
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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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TEN-E Revision: Geologic storage inclusion is a must for climate neutrality
The European Commission has released its proposed revision of the Trans-European Energy Infrastructure regulation, also known as EU TEN-E, in mid-December. The TEN-E regulation defines the criteria for the next round of Projects of Common Interest (PCI), necessitating TEN-E to be fully compliant with and enable to deliver on climate…
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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…
