Achieving Net-Zero by 2050: Critical Bipartisan Carbon Management Priorities in Congress
Please join us for a CO2NNECT Virtual event on Tuesday, September 14th, 2021 from 3:30 – 5:00 pm ET, hosted by the Great Plains Institute. Congress is working to finalize major infrastructure and budget reconciliation legislation with profound implications for energy and climate policy. Hear from leaders and experts in Congress, state government, industry, and labor and environmental organizations who will outline key carbon management provisions in bipartisan legislation and President Biden’s American Jobs Plan and their prospects for passage this Congress. This event will showcase the importance of the economywide deployment of carbon management—carbon capture, removal, transport, utilization, and geologic storage—to achieve net-zero emissions by 2050, preserve and sustain high-wage jobs, spur investment and sustain American technology leadership.
We are delighted to announce a tremendous lineup of confirmed speakers:
- The Honorable John Bel Edwards, Governor, State of Louisiana
- The Honorable Ben Ray Luján, United States Senator, New Mexico
- Alison Taylor, Chief Sustainability Officer, Archer-Daniels-Midland Company
- Bryan Glover, President, Honeywell UOP
- Cecile Conroy, Director, Government Affairs, International Brotherhood of Boilermakers
- Lee Beck, International Director, Carbon Capture, Clean Air Task Force
Speakers will underscore the groundbreaking portfolio of bipartisan carbon management provisions endorsed by more than 170 organizations, companies, unions, and conservation and environmental groups in a recent letter to Congress. These complementary federal policy priorities include:
- Providing a direct pay option for the federal Section 45Q tax credit;
- Extending the commence construction window for the 45Q credit;
- Enhancing 45Q credit values for industrial and power plant carbon capture and direct air capture;
- Eliminating annual carbon capture thresholds in the 45Q program that deter innovation;
- Financing the buildout of regional CO2 transport and storage networks; and,
- Ensuring robust funding for commercial-scale demonstrations of carbon capture, direct air capture and carbon utilization technologies.
The inclusion of these critical provisions into any broader legislative package are essential to putting the U.S. on track to achieving emissions reduction goals, preserving and creating middle class jobs that pay family-sustaining wages, providing environmental and other benefits to communities, and supporting regional economies across our country.