Direct air capture (DAC) technology generates a mix of excitement, skepticism, and optimism as first-mover projects come online, from Iceland to the US. The technology captures carbon dioxide (CO2) from ambient air, which is then used to create products of economic value or stored geologically, thereby removing CO2 from the atmosphere. Continue reading »
At this week’s CO2NNECT 2019 conference, the Carbon Capture Coalition (which is co-convened by GPI) released its consensus “Federal Policy Blueprint” to “articulate a comprehensive and ambitious federal policy agenda that can help achieve the goal of economywide carbon capture deployment.” Continue reading »
At a time when the rapid construction of new coal-fired power plants in China, India, and other emerging economies is contributing to significant global emissions growth, it is essential that the US continues to lead the way in commercial deployment of technologies to manage carbon emissions from existing power plants. Continue reading »
The clock is ticking. To qualify for the revamped 45Q carbon capture tax credit, a carbon capture project must begin construction by 2023—a very short time frame, especially for carbon capture projects that are capital intensive and have long lead times to develop, permit, and finance. Continue reading »
The Carbon Capture Coalition, which is co-convened by GPI, recently sent a letter asking members of Congress to support continued robust federal funding for research, development, and demonstration of carbon capture, utilization, storage, and removal technologies and applications as they consider appropriations for the FY 2020 Omnibus. The letter to congressional appropriators was sent on behalf of the more than 60 companies, unions, and energy and agricultural organizations in the Coalition together with their partners.
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 »
