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carbon/CO2 sequestration – Advanced BioFuels USA
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Breaking It Down Tax Credit Incentives for Carbon Sequestration: Potentially the Most Impactful U S Policy to Battle Climate Change – Advanced BioFuels USA
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When the Bipartisan Budget Act of 2018 was passed into law, it
expanded the §45Q tax credit, an important federal incentive
encouraging private investment in the development and use of carbon
capture technologies and facilities. Tax credits for the capture
and long-term, permanent storage of carbon oxides are intended to
generate a competitive financial return and have a positive
environmental impact. Reducing CO2 emissions mitigates climate
change and helps mitigate the increase in global average
temperature to well below 2°C above preindustrial levels.
Keeping global average temperature below 2°C above
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When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return and have a positive environmental impact. Reducing CO2 emissions mitigates climate change and helps mitigate the increase in global average temperature to well below 2°C above preindustrial levels. Keeping global average temperature below 2°C above preindustrial levels is a fundamental goal of the Paris Climate Agreement, the highest priority environmental, social, and governance (ESG) issue facing investors.