Today, Senators John Barrasso (R-WY) and Ben Ray Luján (D-NM) introduced the Senate version of the Coordinated Action to Capture Harmful (CATCH) Emissions Act. This legislation was previously introduced in the House by Representatives Tim Ryan (D-OH), Anthony Gonzalez (R-OH), Cheri Bustos (D-IL), Tim Walberg (R-MI), Marc Veasey (D-TX), David McKinley (R-WV), Susan Wild (D-PA) and Kelly Armstrong (R-ND).
CURC Executive Director Shannon Angielski released the following statement in support of the legislation:
"The Carbon Utilization Research Council (CURC) commends Senators John Barrasso (R-WY) and Ben Ray Luján (D-NM) for their support of the Coordinated Action to Capture Harmful (CATCH) Emissions Act. This bill increases the value of the Section 45Q tax credit, which remains the world's foremost policy to enable the widespread deployment of carbon capture, utilization, and storage technologies across sectors, and we applaud Congress for their efforts to bolster the credit. CURC supports increasing the Section 45Q tax credit to a level that incentivizes the wide deployment of CCUS in a variety of applications, including on lower concentration sources of carbon dioxide like natural gas combined cycle. This is an important step in decarbonizing the use of fossil fuels in the power sector. Increasing the credit value, combined with a direct payment option, would make CCUS deployment in the power sector more accessible for project developers, and we look forward to working with both Senators to ensure that legislation to make Section 45Q more widely accessible and more easily utilized is enacted this year."