• Policy

        • Canada

        • 2009

        Grant support for CCUS projects in Alberta and Saskatchewan

        The Government of Canada, as well as provincial governments in Alberta and Saskatchewan have provided grant funding for major operating CCUS projects.

         

        The Boundary Dam Carbon Capture Project, a major coal generating unit retrofitted with CCUS technology in 2014, received CAD 214 million (USD 165 million) from the federal government as well as funding from the Government of Saskatchewan.

         

        The Shell Quest Carbon Capture and Storage Project, which equipped the hydrogen production unit at a major refinery with CCUS, received CAD 745 (USD 572 million) from the Government of Alberta and CAD 120 million from the Government of Canada (USD…

        • Policy

        • Denmark

        • 2021

        Danish CCUS Fund

        The CCUS Fund is a market-based, technology-neutral fund aimed at supporting carbon capture, storage and utilization. The government earmarked DKK 16 billion in subsidies to CCUS projects, to be distributed in two phases.The first phase aims to achieve CO2 reductions of 0.4 million tonnes per year from 2025/2026. In the first phase, funding will be allocated to either one major carbon source or a consortium of smaller carbon sources, which will then purchase transport and storage. Learnings from the first phase of the CCUS Fund and new market developments will be taken into account in…

        • Policy

        • Canada

        • 2022

        Investment Tax Credit for Carbon Capture, Utilization and Storage (CCUS)

        …through 2035, the tax credit rates will be set at: 60% for investment in equipment to capture CO2 in direct air capture projects, 50% for investment in equipment to capture CO2 in all other CCUS projects, 37.5% for investment in equipment for transportation, storage and use. To encourage the industry to move quickly to lower emissions, these rates will be reduced by 50% for the period from 2036 through 2040. The 2026 Spring Economic Statement proposed to expand the credit to enhanced oil recovery (EOR) projects that permanently store 95% of the CO2 used in the project, pending enactment…

        • Policy

        • France

        • 2026

        Major Industrial Decarbonisation Projects

        This investment programme will support electrification, improving energy efficiency, changing the energy mix or the materials mix, CCUS projects. 4 plants (1 aluminium and 3 cement) are targeted together with CO2 transport infrastructure.

        • Policy

        • United Kingdom

        • 2024

        Dispatchable power agreement (DPA) including low-carbon hydrogen (also called "Hydrogen to Power Business Model"

        Targeted to de-risk hydrogen-to-power investments. Scheme is already used for CCUS projects and it is based on CfD scheme. The subsidy has two components (a) an availability payment paid based on performance regardless of the plant operation; (b) a variable payment to cover the cost gap with unabated fossil fuels. Contract duration can be 10-15 years. Hydrogen plants would gain access to the capacity market. More details should be available in Spring 2025

        • Policy

        • United Kingdom

        • 2021

        Carbon Capture and Storage (CCS) Infrastructure Fund

        …government's plan to deploy CCUS in a minimum of two clusters by the mid-2020s, and four clusters by 2030 at the latest, with an ambition to capture 10MtCO₂/year by 2030. The CIF forms an important part of the package of government support that is expected to be allocated to clusters through the proposed Cluster Sequencing process.The CIF will provide GBP 1 billion of investment in CCUS in the UK and will primarily contribute to the capital costs of establishing CO2 transport and storage infrastructure and early industrial capture projects. The CIF will be allocated to projects…

        • Policy

        • United States

        • 2003

        Regional Carbon Sequestration Partnerships (RCSP)

        …future carbon sequestration field tests and deployments. Validation Phase (2005–2009): The objective is to plan and implement small-scale (<1 million tons CO2) field testing of storage technologies in areas determined to be favorable for carbon storage. The partnerships are currently conducting over 20 small-scale geologic field tests and 11 terrestrial field tests.Development Phase (2008–2018): The primary objective is the development of large-scale (>1 million tons of CO2) CCUS projects, which will demonstrate that large volumes of CO2 can be injected safely, permanently, and economically into geologic formations representative of large storage capacity.

        • Policy

        • United States

        • 2020

        The Utilizing Significant Emissions with Innovative Technologies (USE IT) Act

        In 2020, the USE IT Act was signed into law, which among other things, extends the 45Q tax credit for CCUS for two years and supports carbon utilisation and direct air capture research. Specifically, the USE IT Act clarifies that CCUS projects and CO2 pipelines are now eligable for streamlined permitting under the FAST Act. In addition, the law directs the White House Council on Environmental Quality to create guidance to increase CCUS deployment.

        • Policy

        • United States

        • 2022

        Creation of a Carbon Capture Regulatory Framework (SB 905)

        …evaluate CCUS and carbon removal (CDR) technologies. More specifically, SB 905 requires CARB to:Adopt regulations for a unified permit application for the construction of CCUS projects throughout the stateDevelop a centralised database to track the deployment of CCUS and CDR technologies and projects in the stateAdopt protocols to support additional and new methods for CO2 utilisation and CO2 storageAdopt financial responsibility regulations for CCUS projects that require the CO2 storage operator to maintain financial responsibility for not less than 100 years after the last date of injectionIn addition, SB 905 contains several provisions on property rights around CCUS projects…

        • Policy

        • Australia

        • 2021

        Clean hydrogen and carbon capture investment

        The Australian Government has announced AUD 539.2 million investment in clean hydrogen and carbon capture and storage (CCS) and carbon capture, utilisation and storage (CCUS) as part of emissions reduction and economic recovery efforts in the 2021-2022 Budget, which is expected to create 2,500 jobs. This announcement includes: - AUD 275.5 million to support the development of four additional clean hydrogen hubs in regional Australia, trial a hydrogen certification scheme, and fund legal and market reforms. - AUD 263.7 million to support the development of CCS/CCUS projects and hubs.

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