The U.S. Internal Revenue Service and the U.S. Treasury Department proposed regulations (REG-112339-19)
This document contains proposed regulations regarding the credit for carbon oxide sequestration under section 45Q of the Internal Revenue Code.
Future of Carbon Capture Looks Bright After Treasury Proposes Long-Awaited Regulations
Law firm commentary on the proposed Treasury Department and IRS regulations addressing issues applicable to the tax credit for CCS under Section 45Q.
Southern Company Pledge
To achieve a net-zero goal emissions reduction goal by 2050, the company will incorporate negative carbon solutions including technology-based approaches such as direct air capture and nature-based solutions such as afforestation.
H.R. 5883 – To amend the Internal Revenue Code of 1986 to provide for an increased credit for carbon oxide sequestration for direct air capture facilities, and for other purposes.
This bill would make permanent the Section 45Q tax credit for carbon capture and sequestration systems installed at power plants and other industrial facilities and would increase a tax credit for direct air capture of carbon emissions.
The US Section 45Q Tax Credit for Carbon Oxide Sequestration: An Update
This Global CCS Institute brief focuses on the latest developments with regards to the 45Q tax credit for carbon oxide sequestration in the US, including a summary of the guidance released so far.
Negative-Emission Technologies and Patent Rights after COVID-19
This article proposes various measures that can be adopted by national governments and private funders to minimize any forthcoming worldwide conflicts that will arise over balancing innovation incentives for, and affordable access to, patented NETs.
THE LCFS AND CCS PROTOCOL: AN OVERVIEW FOR POLICYMAKERS AND PROJECT DEVELOPERS
This report provides a summary of the CCS Protocol of the California Low Carbon Fuel Standard and how it compares to other significant regulations and policies in the US associated with the injection and geologic sequestration of CO2.
S.2284 – Climate Action Rebate Act of 2019
This bill places a price of $15 per metric ton on carbon dioxide that increases by $15 each year, with direct rebates provided for CCUS and direct air capture (DAC) and 5% of the revenue going to energy innovation projects in technology such as DAC.
S.1679 – SEA FUEL Act of 2019
This bill directs the Department of Defense to carry out a program of research, development, testing, evaluation, study, and demonstration of technologies related to blue carbon capture and direct air capture.
S.1201 – EFFECT Act of 2019
This bill directs the Department of Energy to replace its existing fossil energy research and development technology programs with new programs that research and develop fossil fuel technology for carbon capture, utilization, storage, or removal.