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US Climate Bill's Subsidy Bonanza Could Boost Investment in Carbon Capture
Startups building small-scale plants could also qualify for subsidies under the Inflation Reduction Act passed this month.
Related Knowledge Center: Carbon capture
State of Play
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.