Making Carbon Capture Work for Businesses

Carbon capture and storage (CCS) is a key tool in the fight against climate change. It works by trapping carbon dioxide emissions before they enter the atmosphere. However, it's not as widely adopted as it could be. One big reason is that the current incentives aren't strong enough to encourage companies to invest in it. In the U. S. , there are tax credits available for CCS. But these credits are not significant enough to make a real difference. If companies can earn more by continuing to pollute, they have little reason to switch to CCS. To change this, the tax credits need to be more substantial. Doubling or even tripling them could make a big difference. Additionally, the rules for using these credits should be simplified. Right now, the process is complicated and confusing. Making it easier for companies to use these credits would encourage more participation. But is CCS the best approach? Some argue that focusing on renewable energy is a better strategy. Preventing carbon emissions in the first place is more effective than capturing them later. This is an important debate to consider. Ultimately, the goal is to reduce carbon emissions. CCS can play a role, but only if the incentives are right. It's time to rethink the rewards and make clean air a priority. By making CCS more attractive to businesses, we can take a significant step towards a cleaner future.