EnergyInfrastructureNew This WeekNewsletter

Climate Centric Infrastructure Bill Aims to Keep Some Coal

Funding for carbon capture projects would become available under the Clean Electricity Performance Plan.

According to E&E News, some carbon capture would be used in conjunction with a more robust version of the 45Q tax credit — so named for the section of the IRS code in which it appears — for carbon sequestration. That would give a boost to coal- and gas-fired power plants that they wouldn’t get on the open market, she said. At a 70 to 80 percent build-out, renewable resources become more expensive and require a network of costly transmission lines that don’t exist and would take many years to plan and build.

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