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Category: Inflation_Act_2022_New_Technologies

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New Inflation Reduction Act relies on carbon capture to reduce emissions in the US

The sweeping climate, energy and health care bill expected to go to a vote in the U.S. House on Friday contains about US$370 billion to foster clean energy development and combat climate change, constituting the largest federal climate investment in history.

08/14/22
                                                               

The Inflation Reduction Act could push climate change tech into the future

By Pranshu Verma and Evan Halper Photo: Emily Wright/The Washington Post

Billions in tax credits to make electric vehicles cheaper. Hefty fees for high-polluting gas and oil companies. Funding to speed the production of solar panels and wind turbines. Cash to create the country’s first “green bank.”

08/12/22
                                                               

Biden signs Inflation Reduction Act: Its climate promise relies heavily on carbon capture, meaning thousands of miles of pipeline

By Wil Burns

President Joe Biden signed a sweeping climate, energy and health care bill on Aug. 16, 2022, that contains about US$370 billion to foster clean energy development and combat climate change, constituting the largest federal climate investment in history.

08/12/22
                                                               

The Inflation Reduction Act Includes a Bonanza for the Carbon Capture Industry

By Alejandro De La Garza Photo: Luke Sharrett, Getty Images

Thanks to Senator Joe Manchin (D., W. Va.), there isn’t much in the way of consequences for big CO2 emitters in Democrats’ new climate bill. But there are huge new rewards for high-emitting companies to pump their greenhouse gasses underground, and for facilities that propose to remove emissions directly from the atmosphere. Those provisions have the startups, investors, and legacy oil companies proposing to provide that service over the moon. “We’re definitely going from a curiosity to a priority,” says Steve Lowenthal, chief commercial officer of Frontier Carbon Solutions, a carbon capture startup. “This changes the game.”

08/11/22
                                                               
NPR

The Inflation Reduction Act and its impact on carbon capture, explained

By Juana Summers, Erika Ryan and Ashley Brown Twitter

NPR’s Juana Summers speaks with Jamil Farbes, principal at Evolved Energy Research, about the technology and future of carbon capture and what the Inflation Reduction Act could do for the industry.

08/10/22