The Great Plains Institute hosted the third CO2NNECT Virtual webinar on September 14, Achieving Net-Zero by 2050: Critical Bipartisan Carbon Management Priorities in Congress. Continue reading »
Year-End Federal Actions to Accelerate Carbon Capture and Removal Deployment
February 9, 2021 in Carbon Management Authors: Jennifer Christensen, Lauren Schultz
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.
Carbon Capture Coalition Welcomes IRS Issuance of Proposed 45Q Rule and Requirements for Secure Geologic Storage
May 29, 2020 in Carbon Management Author: Jennifer Christensen
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 »
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.
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 »
Primer: Section 45Q Tax Credit for Carbon Capture Projects
June 17, 2019 in Carbon Management Author: Jennifer Christensen
The Section 45Q tax credit for carbon capture projects provides a foundational policy for increasing deployment of carbon capture projects in the US. This primer was prepared to provide a succinct overview of this important tax credit.
Best Public Affairs Campaign Award Goes to Carbon Capture Coalition and RENEWPR
October 29, 2018 in Carbon Management, News & Press Author: Gail Nosek
I am thrilled to share that the Carbon Capture Coalition, along with its communications partner RENEWPR, received the inaugural Best Public Affairs Campaign Award from the Cleanie Awards. The award recognizes the Coalition’s collaborative effort to garner support for the reform of the federal 45Q tax credit for carbon capture technology development and deployment, which was signed into law earlier this year.
Three Things to Know About Changes to the 45Q Tax Credit for Carbon Capture and Storage Projects
March 5, 2018 in Carbon Management Author: Jennifer Christensen
As part of the recent budget bill, Congress passed legislation to expand and reform a key tax credit called 45Q for deployment of carbon capture and storage projects in the United States. Continue reading »
Broad Coalition, Bipartisan Leadership Key to Passage of Landmark Carbon Capture Legislation
February 15, 2018 in Carbon Management Author: Brad Crabtree
The wide-ranging budget bill passed by Congress and signed by the President includes the FUTURE Act; legislation introduced last year in the U.S. Senate to reform the federal Section 45Q tax credit for capturing and storing carbon dioxide (CO2) from power plants and industrial facilities. Continue reading »
