Underperforming carbon capture projects considerably outnumber successful projects globally, and by large margins, with both the technology and regulatory framework found wanting, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, The Carbon Capture Crux – Lessons Learned, studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture […]
Preparing For a Global Renewable Energy Economy
Nursing an ageing coal-powered energy engine-room and likely to face rapid falls in the price of coal exports, Australia needs a plan for energy transition, Fiona J Beck and Kylie Catchpole write. Last month, the G7 leaders released a joint statement committing to net-zero emissions by 2050, and an “end to direct government support for […]
India, United States to revamp energy ties; to focus on cleaner energy sectors
The two nations will intensify efforts to take advantage of advanced US technologies and India’s rapidly growing energy market, the statement said. New Delhi: India and the United States have agreed to revamp their strategic energy partnership with a greater focus on cleaner energy sectors, an official statement said. Oil Minister Dharmendra Pradhan on Monday […]
Bipartisan Legislation Would Strengthen Federal Incentives for Carbon Capture Removal and Storage – Essential for Addressing Climate Change
Today, the Senate introduced the Carbon Capture, Utilization, and Storage Tax Credit Amendments Act. This legislation would enable carbon capture, utilization, and storage (CCUS) and direct air capture (DAC) projects to access necessary federal incentives for reducing CO2 emissions. The bill would enhance the 45Q tax credit for CCUS and DAC by extending the commence […]