Resources by the Carbon Capture Coalition

  • Carbon Capture Coalition comments regarding the proposed regulations for the credit for carbon oxide sequestration under section 45Q of the Internal Revenue Code, most recently amended by section 41119 of Division D of the Bipartisan Budget Act of 2018 (BBA), Public Law 115-123, 132 Stat. 64, 162, to encourage the deployment of carbon capture, utilization, and storage projects (7/31/2020).
  • Direct Pay Design Principles for Carbon Capture and the Federal 45Q Tax Credit.
  • In June 2020, the Carbon Capture Coalition released a factsheet that illustrates the economic and jobs creation potential associated with the commercialization of carbon capture technologies across sectors. In addition to the factsheet, a project database was created to outline approximately 30 current carbon capture projects in various stages of development.
  • Background on Tax Priorities for Inclusion in COVID-19 Stimulus Legislation.
  • The Carbon Capture Coalition submitted comments on June 28, 2019 in response to the Internal Revenue Service request for comments (Notice 2019-32) regarding the implementation of the reformed section 45Q credit for carbon oxide sequestration.
  • In June 2019, Coalition participants presented a full tax policy menu to the House Ways and Means and Senate Finance Committees. Drawn from the Blueprint, this broader Coalition menu includes technical improvements and enhancements to the 45Q and 48A tax credits, as well as expanded eligibility for other federal financial incentives to qualify carbon capture along with other low and zero-carbon technologies.
  • Carbon Capture Coalition (November 2018). Overview: Accounting of Carbon Storage through Enhanced Oil Recovery—Navigating Aspects of EPA’s Underground Injection Control Program and Greenhouse Gas Reporting Program Related to the Section 45Q Tax Credit.
  • The Carbon Capture Coalition submitted a cover letter, model guidance and supplementary narrative on geologic storage to the Department of Treasury on November 21, 2018. The model guidance addresses several implementation issues, including credit transferability, contractual assurance, credit recapture, and beginning of construction.

Additional Resources

Carbon capture & biomass

CO2-enhanced oil recovery (CO2-EOR)

Economics & incentives

Greenhouse gas accounting

Quantification & reporting of geologic storage 

State-level policy & infrastructure


Carbon Dioxide Enhanced Oil Recovery: A Critical Domestic Energy, Economic, and Environmental Opportunity

Amidst economic uncertainty, fiscal crisis and political division over energy policy, carbon dioxide enhanced oil recovery (CO2-EOR) offers a safe and commercially proven method of domestic oil production that can help the United States simultaneously address three urgent national priorities.

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Recommended Modifications to the 45Q Tax Credit for Carbon Dioxide Sequestration

The National Enhanced Oil Recovery Initiative (NEORI) recommends that Congress consider implementing arevenue-positive federal production tax credit to support deployment of commercial carbon dioxide (CO2) capture and pipeline projects. A new, more robust federal incentive is needed to increase the supply of man-made or anthropogenic CO2 that the oil industry can purchase for use in enhanced oil recovery (EOR) to increase domestic production from existing oil fields.

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Analysis for Carbon Dioxide Enhanced Oil Recovery

The Center for Climate and Energy Solutions (C2ES) and the Great Plains Institute (GPI) conducted an analysis, with extensive input from the participants of National Enhanced Oil Recovery Initiative (NEORI), to inform NEORI’s recommendations for a federal production tax credit to support enhanced oil recovery with carbon dioxide (CO2-EOR). In particular, C2ES and GPI explored the implications of the recommendations for CO2 supply, oil production and federal revenue. This document describes the research, assumptions, and methodology used in the analysis.

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