C2ES is a participant and co-founder of a broad coalition of business, labor, and environmental groups working to accelerate commercial deployment of carbon capture technologies.
The?Carbon Capture Coalition brings together energy and industrial technology companies, labor unions, and energy and environmental policy organizations. Its goal is to make carbon capture, use and storage (CCUS) a widely available, cost-effective, and rapidly scalable solution to reduce carbon emissions to meet mid-century climate goals.
The coalition, launched in 2011, has built bipartisan support at the state and federal level for pragmatic policies to accelerate CCUS and boost U.S. energy infrastructure development, create jobs, and cut carbon emissions from both the power and industrial sectors.
In February 2018, Congress enacted a two-year budget deal which extended and expanded key financial incentives for investment in several advanced low-carbon technologies. The budget deal included the?FUTURE Act, legislation sponsored by Senators Heidi Heitkamp (D-N.D.), Shelley Moore Capito (R-W.Va.), Sheldon Whitehouse (D-R.I.), and John Barrasso (R-Wyo.) to reform and extend the Section 45Q tax credit to boost carbon capture. The FUTURE Act also allows for the first time use of the tax credit for capture of carbon monoxide from industrial facilities like steel production,?direct air capture?of CO2?from the atmosphere and for the conversion of captured carbon into useful products.
Following the enactment of the extension and expansion of the Section 45Q tax credit, the Carbon Capture Coalition’s mission and priorities include:
- Enacting complementary federal and state incentives to the revamped 45Q tax credit to attract greater private investment in carbon capture projects, such as tax-exempt private activity bonds and master limited partnerships that are currently available for other energy technologies and infrastructure;
- Engaging in federal infrastructure policy deliberations in the coming months to ensure that carbon capture and CO2 pipeline infrastructure are part of the equation;
- Maintaining robust federal support for carbon capture research, development, and demonstration to help bring the next generation of carbon capture technologies into the marketplace; and
- Working with governors, state policymakers and local stakeholders to support deployment of carbon capture, pipeline infrastructure, and CO2 utilization and storage projects around the country.
The Carbon Capture Coalition is convened by the Great Plains Institute?(GPI).
See a list of?Carbon Capture Coalition participants.