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.
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.
S.3894 – Growing Climate Solutions Act of 2020
The Growing Climate Solutions Act creates a certification program at USDA to help solve technical entry barriers to farmer and forest landowner participation in carbon credit markets.
Greenhouse Gas Emissions and Removals from Forest Land, Woodlands, and Urban Trees in the United States, 1990-2018
This report provides an overview of the status and trends of GHG emissions and removals from forest land, woodlands in the grassland category, HWPs, and urban trees in settlements in the United States from 1990 to 2018.
Inventory of U.S. Greenhouse Gas Emissions and Sinks
The report presents data on carbon sequestration from the Land Use, Land-Use change, and Forestry (LULUCF) sector and from enhanced oil recovery in the United States.
Green Papers of Model Laws (Tree Planting Incentive Bill)
This publication includes a model UK law to provide for infrastructure scale investment in tree planting as a way to capture and store carbon in order to transition the UK to net zero emissions and mitigate climate change.
H.R.5859 – Trillion Trees Act
This bill would commit the United States to the global One Trillion Trees Initiative and direct the Secretary of Agriculture to set domestic wood growth targets for the purposes of capturing and storing carbon.
H.R. 5865 – CCUS Innovation Act
This bill would promote the development and deployment of CCUS technologies, including by making related pipelines and direct air capture projects eligible for guaranteed loan support from the U.S. Department of Energy.
S.4341 – CREATE Act of 2020
This bill would establish an executive committee at the National Science and Technology Council to coordinate interagency efforts on carbon removal research and development.
Land Use: Policies for a Net Zero UK
This report focuses on the policies to reduce land-based emissions of greenhouse gases such that around one-fifth of agricultural land in the UK is released by 2050 for actions that reduce emissions and sequester carbon.