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.
