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 »
US House Select Committee on the Climate Crisis: Brad Crabtree Responds to Questions on Reducing Industrial Emissions
January 11, 2020 in Carbon Management Author: Gail Nosek
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 »
45Q Implementation on Carbon Capture New Year Wish List
January 6, 2020 in Carbon Management, News & Press Author: Patrice Lahlum
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 »
Carbon Capture 101
December 17, 2019 in Carbon Management, Reports & Whitepapers Authors: Dane McFarlane, Elizabeth Abramson, Jennifer Christensen
Carbon capture is an essential part of GPI’s work to achieve a zero-carbon energy system by midcentury. GPI engages a broad set of interests at the state and federal levels to increase the deployment of carbon capture projects and infrastructure. We developed a carbon capture 101 fact sheet (PDF and text below) as a starting point for learning about what carbon capture is and why it’s an important economic and environmental strategy.
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Award-Winning Software Enables GPI to Show Real-World Possibilities for Carbon Capture
December 9, 2019 in Carbon Management, News & Press Author: Dane McFarlane
Game-changing technology that models the lowest-cost, best placement, and most effective use of carbon capture, transport, and storage has earned a prestigious research and development award. A technology that happens to be at the heart of GPI’s work on carbon capture for the past few years. Continue reading »
GPI Hires Policy and Member Relations Manager for Carbon Capture Coalition
November 25, 2019 in Carbon Management, News & Press Author: Brad Crabtree
GPI is pleased to welcome Jessie Stolark as our new public policy and member relations manager. Jessie will support the Carbon Capture Coalition which is convened by GPI and brings together 70-plus members from industry, labor, and NGOs to advance carbon capture policies and commercial deployment. Continue reading »
GPI Hosts US Delegation on Steel & Carbon Capture to United Arab Emirates, Belgium, and Netherlands
November 13, 2019 in Carbon Management Author: Jill Syvrud
Representatives of US industry, labor unions, state and federal officials, environmental and clean energy NGOs, and philanthropy joined the Great Plains Institute (GPI) in September 2019 on an American public and private delegation to the United Arab Emirates (UAE), Belgium, and the Netherlands to explore carbon capture in steel production and see leading commercial-scale examples overseas of carbon capture and utilization projects in operation and under construction. Continue reading »
GPI Urges US Senate to Prioritize Clean Energy and Climate Legislation
October 14, 2019 in Carbon Management, News & Press Author: Rolf Nordstrom
The federal government has a window of opportunity to advance clean energy legislation on a scale that could transform the nation’s ability to meet critical emissions reduction goals and lead energy innovation globally. That’s why the Great Plains Institute (GPI) joined a diverse group of 26 other national organizations in urging congressional leaders to prioritize energy and climate technology and innovation legislation this fall. Continue reading »
Carbon Capture is Ready—Here’s How Proposed Federal Policy Can Increase Deployment
October 8, 2019 in Carbon Management Author: Jennifer Christensen
Reaching decarbonization goals by 2050 will require large-scale deployment of carbon capture. Fortunately, carbon capture has been demonstrated at commercial scale for use in electric power and key industries, with successful commercial experience dating back decades in some sectors. Continue reading »
GPI Testifies Before US House Select Committee on the Climate Crisis
September 26, 2019 in Carbon Management Author: Gail Nosek
Carbon capture is a pillar of the Great Plains Institute’s (GPI’s) work. Our carbon management team is focused on realizing the full potential of this suite of technologies as a national energy security, economic, and environmental strategy. To achieve mid-century decarbonization goals, carbon capture projects and infrastructure must be built at a large scale, and in an accelerated timeframe. Continue reading »
