Proper implementation of the 45Q tax credit is crucial to realizing the significant carbon emission reduction, energy and industrial production, and job creation benefits that will come from economy-wide deployment of carbon capture technology. Congress enacted the reformed and strengthened 45Q tax credit—which is for the geologic storage and beneficial use of carbon captured from industrial facilities and power plants—more than a year ago as part of the Bipartisan Budget Act of 2018.
This week we’re marking the one-year anniversary since the passage of legislation to expand and reform a critical tax credit for carbon capture and storage projects, known as 45Q. The legislation was passed through the larger budget bill on February 9, 2018, and was originally introduced as the FUTURE Act. Continue reading »
Manchester, United kingdom – August 30, 2015: Virgin Atlantic Airways Boeing 747-443 cn 30885-1268 G-VROS moment after take off from Manchester Airport.
The power of innovation and collaboration was on full display as the first-ever transatlantic, commercial flight using fuel produced from waste gases captured at a steel plant flew from Orlando, FL to London’s Gatwick airport last fall. The flight was the result of a collaboration between Virgin Atlantic and LanzaTech, with support from their partner Boeing. Continue reading »
Over the last year, GPI celebrated our 20th anniversary as an organization dedicated to transforming the energy system to benefit the economy and environment. As GPI staff, partners, and supporters reflect on the progress we’ve made together and look ahead to future opportunities for even greater impact in 2019 and beyond, we’re sharing a Q&A series we’ve created with our CEO and program leadership team.
2018 has been a big year for energy storage in the Midwest and across the country. Between the hundreds of megawatts (MW) that have been deployed and are now operational to the detailed policy work to enable the next wave of business models, there has been no shortage of work for energy storage wonks. Continue reading »
The Great Plains Institute and Duke University’s Nicholas Institute for Environmental Policy Solutions hosted an expert workshop in Washington, D.C. for state officials and stakeholders exploring recent energy and environmental policy developments in the PJM region and the potential challenges in 2019. You can view the full event video below.
A recently formed governors’ group aimed at advancing the development and deployment of carbon capture projects and CO2 pipeline infrastructure across the United States sent a letter to Congressional leaders today urging passage this year of the bipartisan Utilizing Significant Emissions with Innovative Technologies (USE IT) Act, S. 2602. Continue reading »
I am thrilled to share that the Carbon Capture Coalition, along with its communications partner RENEWPR, received the inaugural Best Public Affairs Campaign Award from the Cleanie Awards. The award recognizes the Coalition’s collaborative effort to garner support for the reform of the federal 45Q tax credit for carbon capture technology development and deployment, which was signed into law earlier this year.
There’s growing global recognition that technologies which capture carbon, and in some cases remove it from the atmosphere, will be vital to achieving a decarbonized economy. There is also increasing interest in these technologies given their potential economic value since carbon can be used to develop products through beneficial use or conversion. Continue reading »
Earlier this year, landmark legislation which expands and reforms the 45Q tax credit for carbon capture and storage projects was signed into law. The legislation, titled the FUTURE Act, received broad bipartisan support in Congress from governors and other state leaders and a diverse coalition of industry, labor, and environmental supporters. Continue reading »
