Carbon Capture Coalition Statement on the New U.S. Climate Target Announced on April 22, 2021
April 22, 2021 | News
The following statement can be attributed to Carbon Capture Coalition Director Brad Crabtree:
“President Biden has announced an aggressive new target for the United States to reduce carbon emissions 50-52 percent from 2005 levels by 2030. The President’s announcement appropriately places carbon capture at the heart of the administration’s strategy for putting our nation on a path to achieving net-zero emissions by 2050, a goal which will require economywide deployment of the full suite of carbon management tools, including carbon capture, removal, transport, utilization and storage.
“Fortunately, the core carbon management priorities of the administration’s American Jobs Plan, which will be required to meet these goals, are all included in bipartisan legislation introduced this year in both the House and Senate. These priorities enjoy support across the political spectrum. They include: direct pay and a ten-year extension of the federal 45Q tax credit; increased 45Q credit values for carbon capture from industrial facilities, power plants and direct air capture plants; passage of the SCALE Act to support the buildout of CO2 transport and storage infrastructure; and stepped-up federal investment in commercial-scale demonstration of industrial carbon capture and hydrogen production.
“We will continue to work with the Biden Administration and members of Congress from both parties to build bipartisan support for the carbon management policies required to meet this climate target. The over 80 companies, unions and NGOs in the Coalition are committed to supporting federal policies for carbon capture that will sustain U.S. technology leadership, support critical domestic energy, industry and manufacturing sectors, and safeguard and create quality, family-sustaining jobs that support local communities and regions across our country.”
The Carbon Capture Coalition is a nonpartisan collaboration of more than 80 businesses and organizations building federal policy support for economywide deployment of carbon capture, removal, transport, utilization, and storage. Our mission is to reduce carbon emissions to meet midcentury climate goals, foster domestic energy and industrial production, and support a high-wage jobs base through the adoption of carbon capture technologies. Convened by the Great Plains Institute, Coalition membership includes industry, energy, and technology companies; energy and industrial labor unions; and conservation, environmental, and energy policy organizations.