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Should We Continue Tax Credits for Carbon Capture?

Date: April 18, 2016 at 11:30 AM

As a party to the Paris Climate Agreement, the United States affirmed its continued commitment to significantly reducing carbon emissions by 2025. According to the Department of Energy and the International Energy Agency, achieving large CO2 reductions will require an “all of the above approach” with new and innovative energy technologies playing a primary role in any successful CO2 mitigation strategy. One technology receiving bipartisan support from a number of policymakers is carbon capture and sequestration (CCS). In February Representative Mike Conaway (R-TX 11th Dist.) introduced a bill, which would expand and create a permanent tax credit for CCS. Senator… [more]

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