Politics
Will Covid Stimulus Be the Breakthrough Carbon Capture Has Been Waiting For?
The new bill provides a crucial extension and more money to a key innovation incentive.
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When the U.S. Congress passed its omnibus spending and Covid relief bill last month, plenty of people noted that it had a surprising amount for environmentalists to celebrate. Among the topline climate provisions: significant limits on a potent greenhouse gas found in refrigerants, new funds for wind and solar development, and—the focus of our attention today—an extension of the 45Q tax credit, which gives companies a tax break for capturing carbon.