globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111775
论文题名:
Could congressionally mandated incentives lead to deployment of large-scale CO2 capture, facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?
作者: 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.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 146
语种: 英语
中文关键词: 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
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
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167139
Appears in Collections:气候变化与战略

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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

Recommended Citation:
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]. Energy Policy,2020-01-01,146
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