The Waiting - As EPA Bottleneck Grows, CCS Approvals Pick Up Steam in States With Well Primacy

RBN Energy Blogcast

Passage of the Inflation Reduction Act (IRA) in August 2022 was intended to unleash a wave of clean-energy initiatives, from hydrogen and renewable fuels to electric vehicles and large-scale carbon-capture projects, all part of the Biden administration’s plans to reduce carbon dioxide (CO2) emissions and move the U.S. closer to a net-zero economy. But while billions in federal financing and tax credits have helped move many projects forward, they can only advance as fast as permitting, regulations and economic reality will allow. In today’s RBN blog, we look at the surge in proposed carbon-capture projects since passage of the IRA, where they are in the review process, and how the pace of permitting at the federal level compares with the states that have primacy over their own sequestration wells.