AUSTIN, Texas Texas could eliminate its carbon pollution in fewer than 30 years, and decarbonizing would actually strengthen the state’s economy, according to new research from energy scientists at The University of Texas at Austin.
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The newly-organized Texas Geothermal Energy Alliance (TxGEA), a Texas-led advocacy group created to advance geothermal energy in Texas, officially launched
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A Federal Tax Credit Could Incentivize (and Accelerate) the Reduction of Greenhouse Gas Emissions
AUSTIN, Texas A current federal tax credit to reduce greenhouse gas emissions by storing carbon dioxide from industrial sources could be critical to help the U.S. reach end of decade carbon neutrality targets while yielding economic benefits, particularly on the Texas and Louisiana Gulf Coast, according to a study by researchers at The University of Texas at Austin published today in
Energy Policy.
The study suggests that a federal tax credit, known as the 45Q credit, could help increase the benefits, and thus development, of carbon capture, utilization and storage (CCUS) infrastructure because it compensates companies for capturing and storing CO