The US—and the world—must dramatically accelerate emissions reductions this decade to prevent dangerous increases in global temperature and achieve a net-zero carbon economy by midcentury. The speed and scale of required reductions can be visualized by looking at our carbon budget. Just like a financial budget sets your spending limits, the carbon budget sets our carbon dioxide (CO2) emissions limits to avoid additional global temperature rise. Continue reading »
Great Plains Institute hosted the second CO2NNECT virtual event, Scaling Net-Zero Infrastructure: The Climate, Jobs, and Investment Benefits of Deploying CO2 Transport and Storage,” on April 20, 2021.
This virtual event highlighted the essential importance of carbon dioxide (CO2) transport and storage infrastructure in achieving global net-zero emissions and meeting midcentury climate goals, while sustaining and growing a high-wage energy, industrial, and manufacturing jobs base. Continue reading »
Capturing and utilizing carbon dioxide (CO2) is essential to achieving a clean energy, net-zero carbon future. And reimagining the alignment of industry and infrastructure presents exciting opportunities for states and regions across the country. Deploying CO2 transport and storage infrastructure will enable key sectors of our economy to dramatically reduce their carbon emissions while sustaining and growing domestic industry, manufacturing, and energy production and the high-wage American jobs they support. Continue reading »
Bipartisan legislation re-introduced on March 17 could provide game-changing support for carbon dioxide (CO2) transport and storage infrastructure that will be essential to reaching midcentury climate goals. The Storing CO2 and Lowering Emissions Act (SCALE Act), re-introduced in both chambers and led by Senators Chris Coons (D-DE) and Bill Cassidy (R-LA) in the Senate and Representatives Marc Veasey (D-TX) and David McKinley (R-WV) in the House would enable CO2 transport and storage infrastructure required to scale up carbon capture, removal, use, and storage across domestic industries, including those that are difficult to decarbonize. Continue reading »
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.
The Carbon Capture Coalition announced this week the hiring of Madelyn Morrison as its external affairs manager. Madelyn joins Jessie Stolark, the Coalition’s public policy & member relations manager, as its second full-time staff member. The Coalition, which is convened by the Great Plains Institute, is a nonpartisan collaboration of more than 80 businesses and organizations building federal policy support for economy-wide deployment of carbon capture, transport, use, removal, and storage. Continue reading »
Great Plains Institute convened the first CO2NNECT Virtual event on December 14, which highlighted the recently released and first-of-its-kind analysis from Rhodium Group that focused on the potential job growth and economic impact of carbon capture deployment in the near- to medium-term to help meet midcentury decarbonization goals. The event included an analytical presentation by Rhodium Group followed by a reaction panel discussion moderated by former US Senator Heidi Heitkamp. Continue reading »
Congress has a window of opportunity during the lame duck session to pass the most significant energy legislation in over a decade—legislation that would advance American energy innovation, drive deployment of low- and zero-carbon technology and infrastructure, increase jobs, and reduce emissions across the economy. Bipartisan energy legislation, which passed in the House and is under consideration in the Senate, can put the US on a path to economic recovery and long-term emissions reductions. Continue reading »
The National Association of Regulatory Utility Commissioners (NARUC) reaffirmed their support for deployment of carbon capture technologies during their annual meeting this week. NARUC also recently collaborated with the Western Interstate Energy Board to host a six-part webinar series on carbon capture, utilization, and storage. Continue reading »
A new state-level analysis shows that retrofitting existing facilities with carbon capture and deploying carbon dioxide (CO2) transport infrastructure can deliver jobs and economic benefits while reducing emissions across industries. The Great Plains Institute recently commissioned Rhodium Group to conduct an independent, state-by-state analysis exploring the economic benefits of carbon capture deployment opportunities in the US. GPI identified the facilities examined in this analysis as carbon capture retrofit projects with near- to medium-term feasibility. Continue reading »
