Energy Systems Consulting Perspectives

Energy Systems Consulting Perspectives

onlocation energy consultants blog

The 45Q Sequestration Tax Credits: Congress’s Latest Boost for CCS Technologies

Posted by OnLocation on Aug 14, 2018 2:22:54 PM

Tucked in amongst a host of energy credits in the February Congressional Budget deal were several changes to the existing 45Q federal tax credits for carbon capture and sequestration (CCS) aimed at making the technology more economical. CCS has the potential to be revolutionary for the power sector, once regulatory hurdles are overcome and the technology becomes affordable to scale-up across fossil fuel emitting power plants. These changes to the 45Q tax credits might just be a significant step towards that goal.

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Topics: Energy Modeling, Energy Policy, Integrated Modeling, Environmental Regulation, climate change, Environmental Compliance, carbon capture, ccs

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