Carbon Capture Coalition
To gain a deeper understanding of how the IRA is being implemented, NetZero Insider invited several industry leaders to talk about their views on the law.
Coming on the heels of COP28 in Dubai - and its weak call for a reduction in fossil fuel use - some researchers and advocates continue to argue that the normalization of CCS will simply prolong the burning of fossil fuels and the emissions they produce.
Steven Baltakatei Sandoval, CC BY-SA-4.0, via Wikimedia
EPA received comments on its proposal to regulate greenhouse gases from power plants, with some, including ISO/RTOs, arguing the proposal needed major improvements to preserve reliability.
EPA is poised to issue rules that would require all coal and gas-fired power plants to reduce or capture nearly all of their carbon dioxide emissions by 2040.
The U.S. House passed the Inflation Reduction Act, sending the $740 billion package of tax, health and climate provisions for President Biden’s signature.
Fifty-one carbon capture and storage projects were announced in the U.S. in 2021, more than the total of all projects announced in the previous three years.
Tax credits in the Build Back Better Act could increase carbon capture capacity 13-fold while taking 290 million tons of carbon out of the atmosphere per year.
The U.S. House passed the Build Back Better bill, the $1.75-trillion budget reconciliation package that is key to advancing President Biden’s climate agenda.
President Biden rolled out a new framework for a whittled-down budget reconciliation package that includes $555 billion in clean energy funding.
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