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Carbon capture utilization and storage in the new Inflation Reduction Act
Littlefield, Anna ; Colorado School of Mines. Payne Institute for Public Policy
Littlefield, Anna
Colorado School of Mines. Payne Institute for Public Policy
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2022-08-05
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Abstract
The Inflation Reduction Act of 2022 should offer an immense boost to the carbon capture, utilization, and storage (CCUS) industry. With $369 billion allocated to energy security and climate change, the expectation is to "lower energy costs, increase cleaner energy production, and reduce carbon emissions by roughly 40% by 2030". These emission reduction targets will be met in part through enhancing and expanding existing incentives.
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