Designing a New CDR Tax Credit: Issues, Options, and Politics
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- Опубликовано: 10 сен 2024
- The emerging CDR sector requires substantial and predictable sources of public funding to scale to levels at which it can make a meaningful contribution to combatting climate change. Yet, in the United States, the existing 45Q tax credit is both too modest and too limited in scope to do the job. Modifying the 45Q credit or developing a new tech-neutral tax credit will require extensive advocacy in the U.S. Congress and careful attention to design.
In this webinar, held March 5, 2024, panelists from the think-tank, Third Way, and Van Ness Feldman, LLP, a law firm with extensive climate and energy expertise, discussed strategies for expanding public knowledge of, and appreciation for, the complex area of carbon dioxide removal. The panelists also shared insights from their new white paper on options for designing a tech-neutral CDR tax credit.