New Rules for Power Plants Could Give Carbon Capture a Boost. Here’s How

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https://www.nytimes.com/2023/04/26/climate/carbon-capture-power-plants.html

By Brad Plumer, The New York Times. 

Excerpt: The Biden administration’s plan to limit, for the first time, greenhouse gas emissions from existing power plants could hinge on the ability of plant operators to capture carbon dioxide before it is pumped into the atmosphere. Yet none of the nation’s 3,400 coal- and gas-fired power plants are currently using carbon capture technology in a significant way, raising questions about the viability of that approach. In the coming weeks, the Environmental Protection Agency is expected to propose strict new limits on emissions from coal- and natural gas-burning power plants, which are responsible for about 25 percent of the country’s greenhouse gases.  Under the Inflation Reduction Act of 2022, Congress increased existing tax credits that are now worth up to $85 for every ton of carbon dioxide that polluters capture and bury underground, up from a maximum of $50 previously. That has led to growing interest. The owners of at least six coal plants and 14 large gas plants are conducting detailed engineering studies to gauge the economic feasibility of carbon capture and storage....

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