Climate Now Debates: Carbon Capture and Storage

One of the most controversial parts of the 2022 Inflation Reduction Act - the most ambitious climate spending bill in history - was the large pot of federal dollars that could now subsidize the nascent Carbon Capture and Storage (CCS) industry. The bill provides for the expansion of the 45Q tax credit, which now allocates up to $85 per metric ton of CO2 that is captured from a point source of emissions like power plants or factories, and then is injected deep underground for permanent storage...