![]() The carbon capture incentive that U.S.Read about the package in this factsheet. This includes working towards an improved 45Q tax credit and the passage of the SCALE Act, the first ever CO₂ infrastructure and jobs bill, which would enable CO₂ storage commercialization. CATF has been working towards the biggest proposed legislative package to commercialize carbon capture, removal, and storage technologies as included in the Biden-Harris Administration’s American Jobs Plan and introduced in Congress.CATF has played a catalytic role in forming broad coalitions of support for carbon capture. Education and Outreach: CATF seeks to educate policy makers and stakeholders on the long-term carbon reduction benefits of carbon capture technology and to enable critical path policy choices that will enable the technology to play its part in achieving significant carbon reductions from the unabated use of fossil fuels.Carbon Capture Economics & Analysis: CATF conducts extensive research and modeling to understand the factors that impact CCS deployment including costs, market ecosystem barriers, and business models.CATF leads information sharing and business-to-business partnership-building through workshops and site tours. Commercial Assessment & Support: CATF evaluates emerging technologies, promotes business partnerships that develop new projects, and supports plans to advance carbon capture hubs composed of pipeline and storage sites.Policy Development & Advocacy: CATF advocates for policies, regulations, and incentives that would drive carbon capture deployment in both the power and industrial sectors, and expand the existing network CO₂ pipelines and storage sites.CATF works to ensure that by 2030 carbon capture technologies will have achieved cost parity with unabated fossil and that policy pathways exist to help deploy carbon capture globally at a meaningful scale. ![]() The individual technologies that comprise carbon capture have been commercially available for many decades, but are only now being harnessed to address global warming.ĬATF takes into account the role for carbon capture technology globally as modeled by the IEA and IPCC and works backwards to develop, evaluate, and implement a roadmap of policies that will allow the technology to scale, deploy globally, and deliver necessary CO₂ reductions to meet climate goals. Carbon capture can keep millions of tonnes of CO₂ emitted from these sources out of the atmosphere, making it a critical tool in the global climate solution toolbox. Global industrial sources such as chemical, cement, iron, and steel production account for approximately one fifth of all CO₂ emissions, which cannot be mitigated through any other technology other than carbon capture and sequestration. For power plants that will continue to use coal and natural gas, carbon capture can mitigate CO₂ emissions. ![]() The amount of carbon dioxide released globally from energy use is a staggering 26 billion tonnes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |