Carbon capture and storage projects in the U.S. are lagging behind expectations despite increased incentives from the Inflation Reduction Act.
Carlos Anchondo reports for E&E News.
In short:
- Only one U.S. power plant operates with carbon capture technology, despite many projects being planned.
- The number of commercial CCS projects rose slightly, but critics worry about oversight and potential fraud.
- Increased investor interest follows the Inflation Reduction Act, but high costs and slow permitting hinder progress.
Key quote:
“We have to rely on these sort of leading indicators” of filed permit applications, project announcements and final investment decisions to see a picture of what the future holds.
— John Thompson, technology and markets director, Clean Air Task Force
Why this matters:
The slow progress of CCS projects raises concerns about meeting climate targets. Effective carbon capture plays a role in reducing greenhouse gas emissions and combating climate change.
