A 2014 Congressional Research Service brief provides a survey of clean coal loan guarantees and tax incentives.
The Carbon Capture Coalition’s 2019 Federal Policy Blueprint makes recommendations for expanding the federal portfolio of CCS R&D projects.
Would update and strengthen the DOE Office of Fossil Energy’s RDD&D objectives and programs for carbon capture, utilization, removal and storage.
Would foster continued development and deployment of carbon capture by authorizing the EPA Administrator to coordinate with the Secretary of Energy on furthering research, development and demonstration of carbon utilization and direct air capture.
Included $800 million for CCS technology for coal-fired plants, $1.52 billion for industrial CCS projects, and $1 billion for a stand-alone integrated power plant project incorporating CCS.
Authorized to distribute $200 million for each fiscal year between 2006 and 2014 to support “clean” coal projects.
26 USC §45Q creates a tax credit for the sequestration of carbon dioxide captured from an industrial source.
26 USC §48A allows up to a 30% tax credit for qualifying advanced coal projects generating electricity using CCS. 26 USC §48B allows up to a 30% tax credit to qualifying gasification projects for electricity generation using CCS.
Recommending a targeted package of federal incentives for CCS, which includes improving and expanding an existing tax credit for storage of captured CO2.
Analyzes challenges to implementing §45Q CCS tax credits, as well as other tax policies needed for investment certainty and technology deployment.