Robert Bryce explains in his Real Clear Energy article Carbon Capture Didn’t Make Sense 12 Years Ago And It Doesn’t Make Sense Now. Excerpts in italics with my bolds and added images.
It appears the reconciliation bill that includes some $370 billion in energy-related spending is going to become law. The measure includes a panoply of tax credits for alternative energy technologies, including incentives for electric vehicles, hydrogen, energy storage, and of course, billions of dollars in tax credits for wind and solar energy.
The measure also includes, according to the Congressional Budget Office, some $3.2 billion in tax credits for carbon capture and sequestration, a technology that has plenty of supporters but precious little in the way of commercially successful projects. Back in 2018, Al Gore blasted CCS, calling it “nonsense” and an “extremely improbable solution.”
The new tax credits for CCS remind me that I…
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