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.
This analytical report underlines that the challenge for Eastern Europe and the Former Soviet Union is to
secure additional energy supplies quickly and at minimum cost, while limiting the growth of greenhouse gas (GHG)
emissions.
As long as the tax is beneath the SCC, clean - energy investments can
secure additional cost - effective
emission reductions and reduce energy bills by spurring technology development.