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CARB May Allow GHG Cap & Trade Credit For CCS, ‘Direct Air Capture’

January 9, 2020
In what many stakeholders consider a logical next step for California’s pioneering programs to fight climate change, state air board officials may soon propose allowing companies to generate credits for carbon capture and storage (CCS) and “direct air capture” (DAC) projects under the state’s cap-and-trade program, sources say. Such a move -- which would follow the state’s precedent-setting protocol under its low-carbon fuel standard (LCFS) to credit CCS projects -- may establish a significant financial incentive for companies to pursue...

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