Great Plains Institute Vice President and Carbon Capture Coalition Director Brad Crabtree issued the following statement responding to the Treasury Department and Internal Revenue Service issuance of proposed regulations to implement the Section 45Q tax credit. Continue reading »
I am incredibly excited to announce the launch of Together, a special fundraising campaign for the Great Plains Institute (GPI).
Industry is the third highest-emitting sector in the US economy and has less obvious carbon reduction pathways in comparison to electricity and transportation, where the vast majority of decarbonization discussions have focused. This post introduces the current landscape of emissions in the US industrial heartland, the Midcontinent region, to inform discussions of carbon reduction pathways. While industry poses a challenge for decarbonization given its diversity of subsectors, unique emissions sources, and complex solution sets, it also holds a high potential for low-cost strategies, opportunities for collaboration between subsectors, and could drive investment in innovative decarbonization technologies. Continue reading »
The Carbon Capture Coalition (convened by the Great Plains Institute) recently sent a letter to Congressional leaders and committees of jurisdiction outlining their request for targeted measures aimed at providing immediate support for current carbon capture projects at risk of delay or cancellation due to the COVID-19 crisis and to increase the number of projects in the near-term development pipeline. Continue reading »
Great Plains Institute Vice President and Director of the Carbon Capture Coalition Brad Crabtree issued a statement responding to the release of a letter from the Internal Revenue Service Inspector General regarding tax credit claims under the old 45Q tax credit program. The statement was originally posted on the Carbon Capture Coalition website:
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. Continue reading »
The newly launched Carbon Capture Ready website (CarbonCaptureReady.org) serves as a resource for a growing network of state leaders, industries, labor, and NGOs to realize the potential for carbon capture to transform economies and ensure a sustainable environment for future generations. Continue reading »
The Internal Revenue Service (IRS) recently released two pieces of guidance relating to the implementation of the reformed 45Q tax credit, relating to requirements defining beginning and continuous construction requirements for projects and a revenue procedure that establishes rules for business partnerships claiming the tax credit. Clarity and financial certainty on 45Q tax credit implementation is vital for carbon capture projects which have a narrow window of time to begin before the credit’s January 1, 2024 deadline for beginning of construction. Continue reading »
Brad Crabtree, Great Plains Institute’s (GPI’s) vice president of carbon management, was asked to testify before the US House Select Committee on the Climate Crisis in his role as director of the multi-sector Carbon Capture Coalition, which is convened by GPI. He spoke at the hearing, “Solving the Climate Crisis: Reducing Industrial Emissions Through US Innovation,” last fall about the critical need for economywide deployment of carbon capture to reduce industrial carbon emissions at scale. Following the hearing, the committee had a number of follow up questions, which Brad answered and submitted for the record. Those written responses can be downloaded or read below. Continue reading »
The calendar has turned to 2020 and the carbon capture industry is still waiting on the US Department of the Treasury to release additional guidance on the implementation of the reformed and expanded 45Q credit. Continue reading »
