Prospects for large-scale deployment of carbon capture technologies in the next decade improved at the end of 2020 due to actions at the federal level. First, the omnibus spending package included both a two-year extension of the 45Q tax credit and massive increases in federal support for research, demonstration, and development of the suite of carbon capture management tools: capture, removal, transport, utilization, and storage. Second, the Internal Revenue Service finalized long-awaited regulations for 45Q that will provide certainty to investors and project developers. These actions boost momentum going into 2021 to grow support for priorities needed to build projects at the speed and scale required for meeting midcentury climate goals.
Energy, environmental, labor, and policy leaders recently hosted the Minnesota Carbon Capture Forum to inform and educate a diverse audience about the economic and environmental opportunities for the technology in the state. Below you will find audio of the event as well as other resources on how Minnesota and other US states can capitalize on this decades-tested technology. 