Pathway 7.

Carbon Capture and Negative Emissions → Carbon Capture and Sequestration

7.1.5 Tax Incentives for CCS

LPDD Recommendation: “Congress can expand tax credit programs under §§48A and 48B of the Internal Revenue Code by: (1) explicitly extending them to NGCC plants that capture CO2; (2) enlarging the five-year time frame; and (3) appropriating additional funds.”

LPDD Recommendation: “Congress could expand the existing production tax credit for renewable generation to include electricity that is produced by plants that use CCS.”

16 Resources Found, Displaying 11 thru 16

Report, Putting the Puzzle Together: State and Federal Policy Drivers for Growing America’s Carbon Capture and CO2-EOR Industry

Jurisdiction: Congress, Federal Agencies and Departments

Recommending a targeted package of federal incentives for CCS, which includes improving and expanding an existing tax credit for storage of captured CO2.