Clean Air Task Force Releases Overview of Announced U.S. Carbon Management Projects
February 9, 2022 | Blog
The Clean Air Task Force (CATF), a member of the Carbon Capture Coalition, released a factsheet which provides a catalog of publicly announced carbon management projects across the United States. This factsheet was released alongside a database and map. This release comes on the back of a demonstrated increase in interest in carbon management technologies following the revamped 45Q tax credit in 2018.
CATF finds that since 2018, nearly 90 carbon management projects have been announced, with more than half of these announcements in just the last year. Additionally, more than 70 percent of all projects are planning to store in dedicated saline storage sites, and 70 percent of announced projects are in the industrial sector.
The International Energy Agency states that carbon management technologies account for 15 percent of emissions reductions needed to meet net zero emissions by 2070 and will need to scale up to well over 2,000 facilities capturing and storing 2.8 gigatons of CO2 per year. A faster transition to net zero increases the need for carbon capture, removal, transport, utilization and storage technologies.
Find the Clean Air Task Force’s overview of Carbon Management Projects here.