Innovative carbon-capture projects are ready to launch in the U.S., according to experts gathered yesterday by the Atlantic Council, but they are waiting for IRS guidance expected since fall.
The guidance should resolve uncertainty over how companies can take advantage of the carbon capture tax credit in Section 45Q of the Internal Revenue Code.
“We’re all waiting with bated breath for the IRS to issue its guidance, but we continue to see, among the folks that we’re talking to, that everyone’s getting ready for that,” said Jeff Erikson, general manager of the Global Carbon Capture and Storage Institute.
Jeff McMahon wrote about our Global Status of CCS: Targeting Climate Change US Launch in Forbes. Read the full article.
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