Consultations are underway to determine the design of the tax credit, including its rate. This will be supported by $319 million for research, development and demonstrations to improve the commercial viability of carbon capture, utilization, and storage technologies.
Consultations are underway to determine the design of the tax credit, including its rate. This will be supported by $319 million for research, development and demonstrations to improve the commercial viability of carbon capture, utilization, and storage technologies.
"Introduce an investment tax credit for capital invested in carbon capture, utilization and storage projects, with the goal of reducing emissions by at least 15Mt of CO2 annually. Consultations are underway to determine the design of the tax credit, including its rate. This will be supported by $319 million for research, development and demonstrations to improve the commercial viability of carbon capture, utilization, and storage technologies."
CA
Sectoral Mitigation Actions
M_SecAct2
Sectoral downstream actions to be undertaken as part of the NDC contribution
Downstream actions
Energy
CCS