Carbon capture, utilization and storage (CCUS) is primed to play a crucial role in setting the global energy system on a path to net zero. As a result, the United States has endeavored to incentivize investment in large-scale CCUS projects through substantial financial incentives such as the Section 45Q tax credit. More recently, the Biden administration and Congress have taken steps to promote the deployment of CCUS technology through the Infrastructure Investment and Jobs Act, which allocates billions of dollars for the industry, and the Inflation Reduction Act of 2022, which further enhances the 45Q tax credit.
However, successful deployment of CCUS relies on the establishment of regulatory and legal frameworks that both ensure the safe deployment of CCUS technology and provide security to potential project stakeholders. Therefore, both the federal government and state legislators have mobilized to create regulatory environments that incentivize deployment of capital for CCUS projects.
This CCUS Regulatory Handbook is intended to serve as a resource for both CCUS project stakeholders and policymakers in navigating the rapidly changing regulatory environment of CCUS activities. To read the full CCUS Regulatory Handbook, please click here.
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