US power sector carbon capture and storage under the Inflation Reduction Act could be costly with limited or negative abatement potential

US power sector carbon capture and storage under the Inflation Reduction Act could be costly with limited or negative abatement potential

The United States’ (US) largest-ever investment in expected climate mitigation, through 2022’s Inflation Reduction Act (IRA), relies heavily on subsidies. One major subsidy, the 45Q tax credit for carbon oxide sequestration, incentivizes emitters to maximize production and sequestration of carbon ox...

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Bibliographic Details
Main Authors: Emily Grubert, Frances Sawyer
Format: Article
Language:English
Published: IOP Publishing 2023-01-01
Series:Environmental Research: Infrastructure and Sustainability
Subjects:
carbon capture and storage
coal
natural gas
electricity
Inflation Reduction Act
scenario modeling
Online Access:https://doi.org/10.1088/2634-4505/acbed9

Internet

https://doi.org/10.1088/2634-4505/acbed9

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