Carbon capture catches a big tax break
Generous new incentives could be a breakthrough
The past decade or so has been a golden age for new energy technologies, especially those aimed at reducing carbon emissions and combating climate change. One technology that has failed to launch, despite lofty expectations and high ambitions, has been carbon capture and storage. Beset by stubbornly high costs and a dearth of political support, CCS has seen setback after setback, while other carbon-cutting technologies, like wind and solar, race ahead. That could be about to change. The recent budget deal passed in Congress and signed off by President Donald Trump includes a major boost to America's fledgling CCS sector that could extend a vital lifeline to the technology in a crucial market

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30