The US Department of Energy has issued a funding opportunity announcement (FOA) for the development and testing of technologies that can utilise CO2 from coal-fired power plants to reduce emissions and create valuable products to offset the cost of CCS.
A recently published paper in the prestigious scientific journal Nature provided evidence that carbon dioxide (CO2) can be permanently stored in reservoirs over very long timeframes (up to 100,000 years).
On 12 August 2016, the Australian Government announced AUD$23.7 million of funding for seven projects under its CCS Research Development and Demonstration Fund. This funding was allocated on a competitive basis and is matched at least dollar-for-dollar by grant recipients.
A diverse group of 10 Senators, including the Republican Majority Leader and the Democratic nominee for Vice President, are backing new legislation that would significantly expand the US tax credit for carbon capture activities, known as 45Q.