Should We Continue Tax Credits for Carbon Capture?

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, such as carbon capture playing a primary role in any successful CO2 mitigation strategy. Carbon capture and sequestration (CCS) have been receiving bipartisan support from a number of policymakers. In February Representative Mike Conaway (R-TX 11th Dist.) introduced a bill, which would expand and create a permanent tax credit… [more]