United States

Key climate policy targets

New climate goals: 50% emissions reduction by 2030, 100% clean electricity by 2035, and net-zero carbon emissions by 2050

Current government strategy for CCUS

New goals on justice and equity and community engagement

Deployment policies and programmes in place

  • Inflation Reduction Act: Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons. Includes enhancements to 45Q tax credit (e.g., credit value increases to $50 – $85, direct pay, extension of commence construction window, lower capture threshold)
  • Bipartisan Infrastructure Law: $12 billion for carbon management approaches
  • CHIPS and Science Act: $1 billion for carbon dioxide removal RD&D ($67 billion total for DOE)
  • Loan programs and state policies/mechanisms
  • Regional Initiative to Accelerate CCUS Deployment, Carbon Storage Assurance Facility Enterprise (CarbonSAFE), Carbon Dioxide Transportation Infrastructure Finance and Innovation Act (CIFIA), CCUS Demonstrations, and FEED Studies

Priorities going forward

Point-source carbon capture, hydrogen, carbon dioxide removal, industrial decarbonization

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