Full Title: Carbon Capture & Storage in the United States Power Sector
Author(s): DEEPIKA NAGABHUSHAN, ENERGY POLICY ASSOCIATE and JOHN THOMPSON, TECHNOLOGY AND MARKETS DIRECTOR
Publisher(s): Clean Air Task Force
Publication Date: February 1, 2019
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This new report is based on a CATF-led U.S. power sector modeling study, which finds that 45Q federal tax credits for carbon capture & storage (CCS) can have a significant impact on CO2 emissions reductions by 2030.
This report contains estimated levels of CCS deployment in the U.S. power sector as a result of the newly expanded and extended 45Q federal tax credits. The report analyzes the impact of 45Q on CO2 reductions as well as on growth of Enhanced Oil Recovery. For this study, CATF developed robust assumptions for CCS technology costs & performance, which are included in the appendices of this report.