Climate Advocates: 45Q is Key Catalyst to Address Climate Change
We need CCUS to meet climate goals—full stop. And like other low carbon energy technologies, CCUS will require federal policies that incentivize its development and deployment. The 45Q tax credit is a cost-effective tool that rewards projects per ton of utilized or stored CO2 and it’s almost always less costly than other low carbon energy technology incentives. There are a lot of reasons to support CCUS and 45Q—jobs, the economy, energy security—but it should be non-negotiable for climate advocates. Third Way, Clean Air Task Force, the Center for Climate and Energy Solutions, NRDC, and the Great Plains Institute urge Congress to expand and extend 45Q this year.