Carbon Capture Coalition asks Congress to increase carbon credit values, other changes to reconciliation bill

摘要

A coalition of businesses using carbon capture technologies is urgingCongress to make key changes to the budget reconciliation bill that itsays are necessary to scale up carbon capture technologies and hit2050 net-zero emissions goals.The Carbon Capture Coalition's requested changes focus onSection 45Q of the federal tax code, the tax credit program that hasspurred the use of carbon capture technologies since it was expandedin 2018. Projects that qualify for tax credits under 45Q include thosethat capture and sequester carbon emitted from an industrial facility ordirectly from the atmosphere.