Group urges Hill to include carbon capture in broad plan
A coalition of unions, companies and advocacy groups is urging congressional leaders to think about carbon capture as part of any broad climate plan.
In a letter to House and Senate leaders, the Carbon Capture Coalition said it is “ready to work” on various carbon capture measures floating around Congress and to build on the 45Q tax credit expansion passed into law last year.
“The good news is that the United States remains the global leader in carbon capture and storage, having successfully demonstrated the technology at commercial scale in multiple industries over the past half century,” the group wrote. “We must do more to maintain that leadership.”
Carbon capture measures generally have bipartisan support. And carbon capture is one of the few climate-related policies expected to make substantive progress this Congress.
The letter cites modeling by the International Energy Agency and the Intergovernmental Panel on Climate Change’s most recent report, which found carbon capture and carbon removal will likely be needed to keep warming from surpassing 1.5 degrees Celsius over preindustrial levels.
“Last year’s passage of the FUTURE Act to reform and strengthen the federal Section 45Q tax credit for carbon capture, storage and use was a remarkable bipartisan accomplishment, but significant additional policy support is needed if we are to incentivize investment sufficient to drive commercial deployment on the scale that IEA and IPCC analyses indicate is required,” the group wrote.