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UT News Search Button 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

LouisianaUnited statesTexasJackson schoolAndrew waxmanJoe bidenCockrell school of engineeringGeorge mitchell foundationExxonmobilUs energy information administrationUniversity of texas at austinInternational energy agencySchool of public affairsChevronJackson school of geosciencesLouisiana gulf coast