Clean Air Task Force – Carbon Capture & Storage in The United States Power Sector – The Impact of 45Q Federal Tax Credits
- Sep 29, 2022
- Studies and Documents
- By admin
CCS is an essential technology in the climate solution toolbox but has not yet been deployed widely enough to meet its full potential. CATF advocated for the expansion of 45Q for several years as a way to provide a performance-based financial incentive to increase deployment of the technology. In June 2018, after the adoption of the expanded 45Q tax credits, CATF retained Charles River Associates (CRA) to perform a modeling analysis, based on assumptions developed in conjunction with CATF, that estimates the impact of this new incentive on CCS deployment in the U.S. power sector by 2030.