Leave carbon capture to the private sector
What the document says“CCUS programs should be left to the private sector to develop.”
Carbon capture, utilization and storage removes carbon dioxide from emissions or the air for storage or use. The chapter states that despite the expansion of the 45Q tax credit to $87 per ton most such technology remains economically unviable, and that if the office continues any research it should focus more on innovative utilization.
What the document actually says“CCUS programs should be left to the private sector to develop.”
Let firms build this on their own. The government should step back.
Carbon capture traps carbon before it reaches the air. The book says it costs too much to work. It says firms should pay for it, not taxpayers.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.