Carbon Capture Plays an Outsized Role in the Inflation Reduction Act’s Emissions Reductions
The federal government released its first official analysis of the Inflation Reduction Act on Thursday, projecting that the new law will help the United States slash emissions roughly 40 percent below 2005 levels over the next eight years.
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.
Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.