• Policy

        • United Kingdom

        • 2020

        Ten Point Plan for a Green industrial Revolution - Point 8: Carbon capture, usage and storage

        …a revenue mechanism to bring in private sector investment. Expected results:- 50 000 jobs by 2030- Up to 1 billion GBP public investment by 2025- savings of around 40 MtCO2e between 2023 and 2032, or 9% of 2018 UK emissions.  Targets:2021: Execute a process for CCUS deployment, working in collaboration with industry and set out further details of a revenue mechanism for industrial carbon capture and hydrogen projects  2022: new CCUS business models finalised  2030: 2 clusters operational by the mid-2020s, subject to relevant value for money and affordability considerations and a further 2 clusters operational by 2030.

        • Policy

        • Sweden

        • 2024

        Capture, Transport and Geological Storage of carbon dioxide of biogenic origin

        The Government has approved a regulation on state aid for the capture, transport and geological storage of carbon dioxide of biogenic origin (bio-CCS). 

        • Policy

        • United States

        • 2009

        American Reinvestment and Recovery Act - CCUS elements

        Following the 2009 global financial crisis, the United States American Reinvestment and Recovery Act (ARRA) (Recovery Act; P.L. 111-5) allocated over USD 3 billion to support carbon capture, utilisation and storage (CCUS) technology and projects. The majority of the funding supported individual projects (with USD 1 billion going to the FutureGen project) and the funds supported various additional RD & D streams, including those focused on storage, and USD 100 million towards advancing innovative applications of CO2 use, including projects focused on building materials and chemical production applications.

        • Policy

        • Canada

        • 2022

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

        The Canadian government announced an investment tax credit for Carbon Capture Utilisation and Storage (CCUS) projects in 2021, with details released in 2022. The incentive applies to CCUS projects that permanently stored captured CO2 via dedicated geological storage, or storage of CO2 in concrete. From 2022 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…

        • Policy

        • Portugal

        • 2019

        Roadmap for Carbon Neutrality 2050 (RNC2050)

        The Roadmap for Carbon Neutrality 2050 (RNC2050) aims to explore the feasibility of trajectories leading to carbon neutrality in 2050, to identify the main vectors of decarbonisation and to estimate the potential for reduction of the various sectors of the national economy, such as energy and industry, mobility and transport, agriculture, forests and other land uses , waste and waste water.

        • Policy

        • United States

        • 2021

        Investment in Direct Air Capture CO2

        The U.S. Department of Energy (DOE) will invest up to $24 million for research into technology that captures carbon emissions directly from the air, replicating the way plants and trees absorb carbon dioxide (CO2).

        • Policy

        • United Kingdom

        • 2020

        UK Budget 2020 - Carbon Capture and Storage Support

        The United Kingdom’s 2020 budget included support for CO2 capture projects by way of:

         

        1) a new Carbon Capture and Storage Infrastructure Fund, which aims to establish carbon capture support in two sites (one in the 2020’s and another in the 2030’s);

         

        2) support for at least one CO2 capture equipped gas power plant by 2030 with the help of consumer subsidies

        .

        Total announced support for these CCUS initiative is GBP 800 million.

        • Policy

        • United States

        • 2021

        DOE funding for direct air capture (DAC) and storage

        The U.S. Department of Energy (DOE) announced a USD 14.5 million funding to scale up direct air capture (DAC) technologies and to develop low-carbon energies. DAC is not yet an economically viable technology and requires consistent investment to impose. It could contribute to hard-to-decarbonise industries such as aviation, shipping and agriculture.

        • Policy

        • United States

        • 2008

        Section 45Q Credit for Carbon Oxide Sequestration

        …issued final regulations for claiming Section 45Q credits including requirements for demonstrating secure geological storage, credit recapture, and life cycle analysis for CO2 utilisation, as well as clarification on taxpayer eligibility to claim the credit. The moves are intended to boost the business case for carbon capture, utilisation and storage (CCUS) projects and stimulate investments in new projects. The US Treasury estimated the cost of the tax credits to be USD 2.3 billion over 2020-2029. The credits are expected to help power plants and industrial plants decarbonise. The United States is already a leader in carbon capture technology…

        • Policy

        • Australia

        • 2009

        Carbon Capture and Storage (CCS) Flagships program

        Australia’s Carbon Capture and Storage (CCS) Flagships program provides support to a variety of demonstration projects focused on CO2 capture, transportation and storage. The objective of the program is to promote the use of CCS technology, demonstrate Australia’s storage resources, support trials, build capacity, and create links with international projects.

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