Reports by Matt Bowen, Emeka Ochu & James Glynn • December 07, 2023 https://www.energypolicy.columbia.edu/the-uncertain-costs-of-new-nuclear-reactors-what-study-estimates-reveal-about-the-potential-for-nuclear-in-a-decarbonizing-world/ Executive Summary Models that run decarbonization scenarios to meet mid-century goals for mitigating climate change almost always include a significant role for nuclear energy. The source’s projected level of deployment, however, remains uncertain, largely due to a wide range of estimated costs for new builds. Other factors…
Proposed 45Q Tax Credit Reform Could Give a Big Boost to Carbon Capture Projects by Emeka Ochu |May 6, 2021
A pair of coal trains idle on the tracks near Dry Fork Station, a coal-fired power plant being built by the Basin Electric Power Cooperative near Gillette, Wyoming, in April 2010. (AP Photo/Matthew Brown)
A critical aspect of President Biden’s $2 trillion American Job Plan focuses on mobilizing private capital to invest in clean energy production and deployment in order to achieve 100 percent carbon-free electricity production by 2035. These investments are crucial to his strategy to meet the ambitious new national commitments to the Paris agreement and keep global average temperature to a 1.5 degree C limit. The plan earmarks $15 billion to fund clean energy demonstration projects, including carbon capture and storage, and $46 billion in federal buying power, including of recycled CO2. To spur the expansive deployment of carbon capture, utilization, and sto