PHOTO: DNV
June 21, 2024
BY DNV
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The Carbon Capture Coalition has joined more than 160 companies, trade groups, labor unions, and policy organizations, calling on Congress to maintain critical bipartisan support for the federal Section 45Q tax credit and oppose any efforts to weaken its utility to American businesses. The call was made in an open letter to congressional leadership.
According to a report released by Carbon Direct, the voluntary carbon market is at a key inflection point: carbon dioxide removal (CDR) is growing rapidly, however it still only represents 4% of available carbon credits in today's US$1 billion market.
The U.S. Department of Energy (DOE) announced the release of a Carbon Management Strategy for public comment. The Strategy provides a comprehensive roadmap for the remainder of the decade that outlines the diverse tools and approaches DOE will use to develop and deploy carbon management solutions in line with President Biden and Vice President Harris’ climate, economic, and social priorities.
Four final rules deliver on the Biden-Harris Administration’s day-one commitment to lead on climate action and to protect all communities from pollution.
Input will inform President Biden’s Investing in America agenda toward commercialization of technologies that reduce industrial carbon pollution.