Sentences with phrase «credit for the carbon captured»

A new federal tax credit for carbon capture utilization and sequestration, or CCUS in industry jargon, has prompted a surge of interest in the sector (Greenwire, March 12).

Brazil's Paiter Suruí have taken a giant step towards changing that by becoming the first indigenous people to prove their actions save the forest and earning the right to generate credits for the carbon they capture in trees.

As Congress returns to work following the election, big polluters are working to extend and expand a tax credit for carbon capture and sequestration — or CCS — facilities like Kemper as part of a year - end tax deal.

Not exact matches

PLANKTOS: ALGAE SEEDING FOR CARBON CREDITS Company plans to create plankton blooms to capture CO2.

Whether it yields the same results as other clean energy tax credits, Cohan said, will decide «whether carbon capture is ready for primetime.»

Matt Lucas, associate director of carbon capture, utilization and storage technology at the Center for Carbon Removal, called the updated credits a «pull» mechanism directly analogous to the Investment Tax Credit and the Production Tax Credit.

For carbon capture facilities near oilfields, the possibility of selling carbon dioxide for use in enhanced oil recovery — even at a lower credit rate — will likely yield higher returns than other types of carbon storage, making it an enticing optiFor carbon capture facilities near oilfields, the possibility of selling carbon dioxide for use in enhanced oil recovery — even at a lower credit rate — will likely yield higher returns than other types of carbon storage, making it an enticing optifor use in enhanced oil recovery — even at a lower credit rate — will likely yield higher returns than other types of carbon storage, making it an enticing option.

In the near term, federal policy could: i) level the playing field between air captured CO2 and fossil - fuel derived CO2 by providing subsidies or credits for superior carbon lifecycle emissions that account for recovering carbon from the atmosphere; ii) provide additional research funding into air capture R&D initiatives, along with other areas of carbon removal, which have historically been unable to secure grants; and iii) ensure air capture is deployed in a manner that leads to sustainable net - negative emissions pathways in the future, within the framework of near - term national emissions reductions, and securing 2 °C - avoiding emissions trajectories.

«The PRESTO platform, a technology that effectively captures farmer's data and simplifies the quantification process and the rigorous third party audit is essential for developing and scaling agricultural carbon credits», said Leslie Durschinger, Founder and CEO of Terra Global Capital.

Immediately repeal existing tax breaks for fossil fuel exploration and production, and halt efforts to extend and expand tax credits for unconventional fossil fuel production technologies, like carbon capture and storage and enhanced oil recovery.

The budget bill passed by Congress and signed by President Trump in the early hours of February 9 extends a host of tax credits for energy technologies, including provisions to help the Vogtle nuclear expansion in Georgia as well as U.S. carbon - capture projects.

A bipartisan group of U.S. senators has announced plans to reintroduce legislation called the FUTURE Act, which would extend and expand the federal 45Q tax credit for carbon dioxide capture and sequestration.

As a result, the 1300 - strong Paiter - Surui last week became the first indigenous tribe in the Amazon and globally to earn carbon credits under internationally recognized standards for capturing carbon in trees — setting the stage for scores of similar projects that can unleash needed funding for indigenous people who preserve endangered tropical rainforest across the Amazon.

Recently Greenhouse Gas Services, a joint venture of General Electric and utility company AES, signed an agreement to generate carbon credits for Google (GOOG, Fortune 500), beginning with a project to capture methane gas at a North Carolina landfill.

From technology transfer to developing nations, carbon capture and sequestration to buying carbon credits from avoiding deforestation projects, COP15 will lay down a new international regulatory framework for climate change.

Photo credit: wsilver via Flickr / CC BY Clean coal is friendlier - sounding euphemism for carbon capture and sequestration (CCS), the technological conceit of snagging emissions belched out by coal plants and storing them under ground in order to keep them

What has been, at least temporarily, set aside by lawmakers is an eight - year extension of renewable energy production tax credits, tax credits for development of carbon capture and storage technologies, as well as a one - year extension of production tax credits for certain biofuels.As would be expected, the renewable energy industry has decried the inaction.

(Watch out for logging, then planting and leaving a tree farm to grow old, even - aged, and claiming carbon credit — a bogus tactic; you don't get back what was lost, neither in carbon capture as plants nor in topsoil.)

The credit would become effective for new power production facilities after January 1, 2017, although after 2016 a 20 percent credit would be available for existing facilities that retrofit to capture at least 50 percent of carbon dioxide emissions.