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IEA Sees Higher CCS Tax Credit Boosting Global Capacity By Two-Thirds

March 12, 2018
Recently renewed tax credits for carbon capture and storage (CCS) projects could trigger a significant expansion of CCS capacity in the United States, according to a new analysis from the International Energy Agency (IEA), helping to commercialize a technology some consider key to averting the worst impacts of climate change. IEA's March 12 analysis finds that the expansion of the so-called 45Q tax credit for CSS -- which was included in the two-year budget deal Congress passed in early February...


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