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Be part of the global CCS conversation. Stay informed, share ideas, and help shape the future of carbon management through collaboration and action.
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[post_content] => The Institute's David Kearns sat down with the OPEC Bulletin to discuss where CCS momentum is growing and where opportunities lay for further development.
Authored by OPEC Bulletin editor and journalist Maureen MacNeill, the feature article, titled "CCS expanding by leaps and bounds", looks at the historical background of CCS and examines the various industries where the technology is being applied.
The excerpt can be accessed below:
OPEC Bulletin - CCS Expanding in Leaps and Bounds
To access the full OPEC Bulletin magazine, click here.
[post_title] => Carbon Capture and Storage Expanding in Leaps and Bounds
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[post_content] => The Institute's David Kearns sat down with the OPEC Bulletin to discuss where CCS momentum is growing and where opportunities lay for further development.
Authored by OPEC Bulletin editor and journalist Maureen MacNeill, the feature article, titled "CCS expanding by leaps and bounds", looks at the historical background of CCS and examines the various industries where the technology is being applied.
The excerpt can be accessed below:
OPEC Bulletin - CCS Expanding in Leaps and Bounds
To access the full OPEC Bulletin magazine, click here.
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[excerpt] => The Institute’s David Kearns sat down with the OPEC Bulletin to discuss where CCS momentum is growing and where opportunities lay for further development. Authored by OPEC Bulletin editor and…
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[post_content] => The U.S. government has reaffirmed its bipartisan support for carbon capture and storage (CCS) by preserving – and in some cases increasing – the federal Section 45Q tax credit in the “One Big Beautiful Bill Act,” signed into law by President Trump on July 4, 2025. The Global CCS Institute welcomes this continued support, recognizing the 45Q tax credit as a cornerstone policy crucial for accelerating deployment across the country. Extending it is key to maintaining industrial competitiveness, energy security, and economic resilience.
Global CCS Institute CEO Jarad Daniels said, “Deployment of CCS can strengthen America’s energy future, create jobs, and help solidify its position as a leader in the global low-carbon economy. U.S. policymakers continue their longstanding bipartisan support for CCS by sustaining and raising the 45Q tax credit in the One Big Beautiful Bill Act.”
The bill maintains the 45Q tax credit for point-source capture at $85/ton and direct air capture (DAC) at $180/ton in dedicated geologic storage, preserves transferability, and keeps the inflation adjustment date of 2027 with a base index year of 2025. The tax credit now includes parity for the utilization of carbon dioxide (CO2). In this new bill, CO2 used or converted into valuable products or injected and geologically stored in a qualified enhanced oil recovery or natural gas recovery project site will qualify for the same dollar value credit as CO2 that is permanently sequestered in a dedicated geologic storage site. The bill also introduces new restrictions for Foreign Entities of Concern[1].
The Global CCS Institute is now tracking 70 operational CCS projects globally, with a combined capture capacity of 61 million tons per annum (Mtpa) – that’s equivalent to capturing and storing nearly 1.5 times the total annual CO2 emissions from New York City every year. The U.S. remains the global leader in CCS deployment, with 33 operational projects, 19 under construction, and over 300 in various stages of development.[2]
The Institute applauds U.S. policymakers for preserving and strengthening this crucial policy for CCS deployment and is not alone. Many U.S. organizations have issued statements or conducted analysis that highlights the importance of the 45Q tax credits for accelerating the deployment of carbon management technologies within the U.S. Some of these organizations include the Carbon Capture Coalition, Carbon Utilization Research Council, Clean Air Task Force, Clear Path and Rocky Mountain Institute.
[1] “Foreign Entities of Concern” includes any company that is a “Specified Foreign Entity” or a “Foreign-Influenced Entity”. For more information, please see the Bipartisan Policy Center definitions.
[2] Global CCS Institute / CO2RE Database Facilities as of June 2025
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[post_content] => The U.S. government has reaffirmed its bipartisan support for carbon capture and storage (CCS) by preserving – and in some cases increasing – the federal Section 45Q tax credit in the “One Big Beautiful Bill Act,” signed into law by President Trump on July 4, 2025. The Global CCS Institute welcomes this continued support, recognizing the 45Q tax credit as a cornerstone policy crucial for accelerating deployment across the country. Extending it is key to maintaining industrial competitiveness, energy security, and economic resilience.
Global CCS Institute CEO Jarad Daniels said, “Deployment of CCS can strengthen America’s energy future, create jobs, and help solidify its position as a leader in the global low-carbon economy. U.S. policymakers continue their longstanding bipartisan support for CCS by sustaining and raising the 45Q tax credit in the One Big Beautiful Bill Act.”
The bill maintains the 45Q tax credit for point-source capture at $85/ton and direct air capture (DAC) at $180/ton in dedicated geologic storage, preserves transferability, and keeps the inflation adjustment date of 2027 with a base index year of 2025. The tax credit now includes parity for the utilization of carbon dioxide (CO2). In this new bill, CO2 used or converted into valuable products or injected and geologically stored in a qualified enhanced oil recovery or natural gas recovery project site will qualify for the same dollar value credit as CO2 that is permanently sequestered in a dedicated geologic storage site. The bill also introduces new restrictions for Foreign Entities of Concern[1].
The Global CCS Institute is now tracking 70 operational CCS projects globally, with a combined capture capacity of 61 million tons per annum (Mtpa) – that’s equivalent to capturing and storing nearly 1.5 times the total annual CO2 emissions from New York City every year. The U.S. remains the global leader in CCS deployment, with 33 operational projects, 19 under construction, and over 300 in various stages of development.[2]
The Institute applauds U.S. policymakers for preserving and strengthening this crucial policy for CCS deployment and is not alone. Many U.S. organizations have issued statements or conducted analysis that highlights the importance of the 45Q tax credits for accelerating the deployment of carbon management technologies within the U.S. Some of these organizations include the Carbon Capture Coalition, Carbon Utilization Research Council, Clean Air Task Force, Clear Path and Rocky Mountain Institute.
[1] “Foreign Entities of Concern” includes any company that is a “Specified Foreign Entity” or a “Foreign-Influenced Entity”. For more information, please see the Bipartisan Policy Center definitions.
[2] Global CCS Institute / CO2RE Database Facilities as of June 2025
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[post_title] => U.S. Preserves and Increases 45Q Credit in “One Big Beautiful Bill Act”
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[excerpt] => The U.S. government has reaffirmed its bipartisan support for carbon capture and storage (CCS) by preserving – and in some cases increasing – the federal Section 45Q tax credit in…
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[post_content] => On 2 July, the European Commission tabled its long-awaited proposal to amend the EU Climate Law, putting forward a new, legally binding intermediate climate target of a 90% reduction in net greenhouse gas (GHG) emissions by 2040, compared to 1990 levels.
The newly proposed 2040 target marks a significant milestone in the EU’s climate trajectory, ensuring continuity and momentum toward the Union’s 2050 goal. The Commission’s move signals predictability and stability to European businesses and investors, reaffirming the EU’s long-term commitment to becoming the world’s first climate-neutral continent.
The Commission has proposed amendments to the European Climate Law aimed at establishing the right enabling environment to achieve the 2040 climate target, in line with a pragmatic and flexible approach. In particular, when designing future legislation to meet the proposed 2040 target, the Commission will consider, among other factors:
- A limited role for high-quality international credits starting from 2036, capped at 3% of 1990 net emissions, in accordance with Article 6 of the Paris Agreement.
- The use of domestic permanent removals in the EU Emissions Trading System (EU ETS) to address residual emissions from hard-to-abate sectors.
- Greater cross-sectoral flexibility to help achieve the target in a cost-effective way.
- A limited role for high-quality international credits starting from 2036, capped at 3% of 1990 net emissions, in accordance with Article 6 of the Paris Agreement.
- The use of domestic permanent removals in the EU Emissions Trading System (EU ETS) to address residual emissions from hard-to-abate sectors.
- Greater cross-sectoral flexibility to help achieve the target in a cost-effective way.
News
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News
8 July 2025
Carbon Capture and Storage Expanding in Leaps and Bounds
The Institute’s David Kearns sat down with the OPEC Bulletin to discuss where CCS momentum is growing and where opportunities lay for further development. Authored by OPEC Bulletin editor and…
-
News
8 July 2025
U.S. Preserves and Increases 45Q Credit in “One Big Beautiful Bill Act”
The U.S. government has reaffirmed its bipartisan support for carbon capture and storage (CCS) by preserving – and in some cases increasing – the federal Section 45Q tax credit in…
-
News
3 July 2025
European Commission Unveils Intermediate Climate Target Proposal alongside a Communication on the CID, Charting a New Path Towards 2040 and beyond.
On 2 July, the European Commission tabled its long-awaited proposal to amend the EU Climate Law, putting forward a new, legally binding intermediate climate target of a 90% reduction in…
