CCS is an essential technology in the climate solution toolbox but has not yet been deployed widely enough to meet its full potential. CATF advocated for the expansion of 45Q for several years as a way to provide a performance-based financial incentive to increase deployment of the technology. In June 2018, after the adoption of the expanded 45Q tax credits, CATF retained Charles River Associates (CRA) to perform a modeling analysis, based on assumptions developed in conjunction with CATF, that estimates the impact of this new incentive on CCS deployment in the U.S. power sector by 2030.
- Phillips 66, Uniper, Vitol sign Humber Zero CO2 MoU
- Equinor, Shell and Total sign off on building world’s first carbon capture network
- A Red Corner of a Blue State Fights to Reopen
- New Mexico Tech Gets $17M DOE Grant to Study San Juan Carbon Sequestration
- NMPRC Defers Decision on Least-Cost Solar Replacement for San Juan