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Crapo, Whitehouse, Reed, Panetta Introduce Legislation to Encourage Innovation in the Clean Energy Sector – Advanced BioFuels USA


(Office of Senator Mike Crapo (R-Idaho)) According to a report by the International Energy Agency, approximately 40 percent of cumulative CO2 emissions reductions needed to meet sustainability targets rely on technologies not yet commercially deployed on a mass-market scale.  Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee and U.S. Senate Finance Committee member Sheldon Whitehouse (D-Rhode Island) have introduced the Energy Sector Innovation Credit (ESIC) Act, a bipartisan energy tax proposal to encourage innovation in the clean energy sector to help rapidly scale and diversify new technologies.  Original co-sponsors of the Senate legislation include Senate Finance Committee members John Barrasso (R-Wyoming) and Michael Bennet (D-Colorado) and Senate Energy and Natural Resources Committee members Jim Risch (R-Idaho) and John Hickenlooper (D-Colorado).  House Ways and Means Members Tom Reed (R-New York) and Jimmy Panetta (D-California) have ....

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Biden administration looking to capture carbon from gas and manufacturing


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The Biden administration intends to focus more on capturing the carbon emissions of natural gas plants and industrial manufacturing facilities than from coal-fired power, a top Energy Department official said.
It s a shift for the federal government s carbon capture program, which, until recently, has spent significant funds and resources on attaching carbon capture to power plants, especially coal. The Trump administration saw the technology as a lifeline for coal-fired power, whereas the Biden administration views it as essential to decarbonize harder-to-abate sectors of the economy, such as steel, chemical, and cement production.
Carbon capture, which removes carbon from the smokestacks of power plants or industrial facilities to be stored underground, hasn t been widely commercialized yet because it is still costly. However, many climate models and scientific reports, including the United Nations Intergovernmental Panel on Climate Change, say ca ....

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Daily on Energy: Biden's first climate regulation is one GOP and industry could actually like


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BIDEN’S FIRST CLIMATE RULE: The Biden administration’s first climate regulation may end up being its least controversial because industry and Republican lawmakers helped craft the blueprint it is based upon.
This morning, the EPA
unveiled a proposal to begin limiting potent greenhouse gas coolants known as hydrofluorocarbons, or HFCs. It’s a significant step to curb climate change, as phasing down HFCs could help avoid roughly 0.5 degrees Celsius of warming. ....

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