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IEA Greenhouse Gas R&D Programme

New beginnings for carbon capture with Section 45Q tax credits in the United States

The passing of the Inflation Reduction Act (IRA) of 2022, HR 5376, represents a new beginning for the role of carbon capture, utilization, and storage (CCUS) technologies for industrial decarbonization to combat climate change. While the IRA promotes a technology-neutral approach, where many technologies qualify by meeting emissions goals, it provi...

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