Stimulating Carbon Capture and Storage

A major advantage of an economy-wide carbon fee is that it will multiply the benefits of any other climate policy. For example, the carbon dividends plan will boost the incentive to capture and store carbon emissions from power plants and industrial facilities, an activity that is widely seen as critical for meeting climate goals. 

Here’s how it works:

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A Rising Incentive to Capture and Sequester Carbon
(45Q Tax Credit + Carbon Price)

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