Posted on March 21, 2023 by Rich Powell
This op-ed was originally published by Real Clear Energy on March 21, 2023. Click here to read the entire piece.
America’s energy economy is at a reckoning point and we must not allow the vast domestic resources, nor the investments in new clean energy technologies, to be squandered.
The 2022 energy tax incentives, along with the bipartisan infrastructure law of 2021 and increasing private sector investments in innovation have the potential to catapult U.S. clean energy projects and firmly establish American global leadership in clean energy deployment.
It’s truly an unprecedented moment and one that the United States can’t afford to let pass by. But all of this potential will be little more than talking points if projects cannot be permitted in a timely manner. Nowhere is this more apparent than in carbon capture and sequestration (CCS), which the International Energy Agency has said will be “necessary to meet national, regional and even corporate net zero goals.”
On the surface, moving more CCS projects has the support of both parties in Congress and the White House. President Biden’s Environmental Protection Agency (EPA) Administrator Michael Regan told energy executives at the CERAWeek conference in Houston that “carbon capture and storage is a priority for this Administration.”
That was music to the ears of many climate advocates, like myself, as well as the many energy project developers who are awaiting approvals for their CCS projects.
Click here to read the full article