Senate Hearing on Supportive Policies for Carbon Capture, Utilization and Storage Technologies
July 27, 2022 | Blog
On July 27, the United States Senate Environment and Public Works Committee held a hearing titled “Examining the Development of Projects and Implementation of Policies that Support Carbon Capture, Utilization, and Storage (CCUS) Technologies.” The Carbon Capture Coalition submitted a supportive statement for the record.
In its statement for the record, the Coalition outlines the current opportunities before Congress to realize the full potential of carbon management technologies as well as the challenges. This includes proper implementation of the $12 billion in federal funding for carbon management technologies provided by the bipartisan Infrastructure Investments and Jobs Act as well as swift passage of key bipartisan enhancements to the 45Q tax credit that will reduce barriers to deployment and see greater adaptation of this crucial climate technology in the industry, power and direct air capture sectors.
Additionally, now with nearly 120 publicly announced projects in various stages of development throughout the United States, project proponents will increasingly look toward the federal government or delegated state authority to ensure that a robust yet timely permitting process is in place. This includes the central role that the U.S. Environmental Protection Agency will play in permitting Class VI projects and providing primacy to states to carry out this authority, as well as the timely and robust implementation of key carbon management policies contained in the 2020-enacted bipartisan Utilizing Significant Emissions with Innovative Technologies Act (USE IT Act), including the creation of two regional carbon capture, utilization, transport and storage permitting task forces.
You can read the Coalition’s statement for the record here.