气候变化领域集成服务门户(CCPortal): Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?

CCPortal

DOI	10.1016/j.enpol.2020.111775
	Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?
	Edmonds J.; Nichols C.; Adamantiades M.; Bistline J.; Huster J.; Iyer G.; Johnson N.; Patel P.; Showalter S.; Victor N.; Waldhoff S.; Wise M.; Wood F.
发表日期	2020
ISSN	03014215
卷号	146
英文摘要	In passing the Bipartisan Budget Act of 2018, Congress reformed and strengthened a section of the tax code, 45Q, which provides tax credits of up to $35/ton CO2 for the capture and utilization of CO2 in qualifying applications such as enhanced oil recovery (EOR) and up to $50/ton CO2 for CO2 that is captured and permanently stored in a geologic repository. Earlier versions of the tax credit with lower credit values generated limited interest. This change to the tax code could potentially alter U.S. energy systems. This paper examines the effect of the increased 45Q credits on CO2 capture, utilization and storage (CCUS) deployment in the United States and on petroleum and power production. A range of potential outcomes is explored using five modeling tools. The paper goes on to explore the potential impact of possible modifications of the current tax credit including extension of its availability in time, the period over which 45Q tax credits can be utilized for any given asset and increases in the value of the credit as well as interactions with technology availability and carbon taxation. The paper concludes that 45Q tax credits could stimulate additional CCUS beyond that which is already underway. © 2020 Elsevier Ltd
关键词	45Q tax credits CCUS CO2 capture Enhanced oil recovery EOR Utilization and storage
英文关键词	Budget control; Carbon dioxide; Enhanced recovery; Petroleum industry; Carbon taxation; Energy systems; Enhanced oil recovery; Geologic repository; Modeling tool; Potential impacts; Potential outcomes; Power production; Taxation; carbon dioxide; carbon storage; enhanced oil recovery; repository; underground storage; United States
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204640
作者单位	Pacific Northwest National Laboratory, United States; National Energy Technology Laboratory, United States; U.S. Environmental Protection Agency, United States; Electric Power Research Institute, United States; OnLocation, Inc, United States
推荐引用方式 GB/T 7714	Edmonds J.,Nichols C.,Adamantiades M.,et al. Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?[J],2020,146.
APA	Edmonds J..,Nichols C..,Adamantiades M..,Bistline J..,Huster J..,...&Wood F..(2020).Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?.Energy Policy,146.
MLA	Edmonds J.,et al."Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?".Energy Policy 146(2020).