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Climate Law Provisions Seen as Lift to Direct Air Carbon Capture

Sept. 9, 2022, 8:46 PM

Carbon capture developers working on directly pulling carbon emissions from the air are touting the climate law for not just tripling the previous tax credit but including features they predict should turn the technology to a relatively common climate solution.

Direct air capture technologies were awarded the most generous of any carbon capture incentive in the Inflation Reduction Act (Public Law 117-169): a $180 tax credit for each ton of carbon dioxide sucked out of the atmosphere.

But the climate law also made other tweaks to the so-called 45Q credits that will prove vital to scaling up direct capture technologies ...