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IRA-Driven Carbon Capture Needs Strategic Approach

September 21, 2022Bloomberg Law

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By: Emily P. Mallen

Inflation Reduction Act tax credit reforms and federal funds are a significant change for the economics of carbon capture and sequestration projects in the US.

Yet many questions remain about how to navigate permitting approvals to get CCS projects up and running and fully realize tax and climate benefits.

The IRA’s goal of quickly advancing CCS should be tempered by the extensive review of environmental and legal issues, including how to permit carbon dioxide sequestration wells, obtain pore space rights, and construct CO2 pipelines.

Developers looking to leverage IRA momentum for CCS should take a strategic approach to project approvals and proactively engage with agencies shaping this space.

Read: IRA-Driven Carbon Capture Needs Strategic Approach, Bloomberg Law

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