Interchange Recharged Are current legal frameworks too restrictive for CCUS projects? What permitting and tax credit reform needs to happen to make things easier?
“If you don't think in 15 years that we're going to value decarbonisation, or if you're worried about the 45Q, it's pretty tough to write that multi-billion dollar cheque,” says Peter Findlay, Director of CCUS Economics at Wood Mackenzie. In this week’s Interchange Recharged, Peter sits down again with host Sylvia Leyva Martinez to look at the challenges for new CCUS projects. It’s tough, as Peter says, because of the regulatory frameworks, financial mechanisms and incentives that currently exist in the US.
To look at these and go deep on the legal barriers for CCUS deployment, Peter and Sylvia are also joined by Liz McGinley, partner at Bracewell Law Firm. Liz leads the firm’s tax practice and the energy transition team, and is renowned for her expertise in carbon capture and IRA tax credits.
Liz discusses the intricate details of tax credits and regulatory updates while Peter reflects on the financial challenges of decarbonisation projects. In this episode:
- What will future legislative shifts mean for the industry’s growth?
- How might regulatory shifts under the Trump administration impact clean energy and CCUS projects, including potential changes to clean hydrogen, fuels, and power regulations?
- How do the costs and complexities of pre-combustion and post-combustion CCUS projects differ, and how are financial incentives structured for each?
For more detailed analyis, check out the Lens reports from Wood Mac. Lens is a data analytics platform with sector-specific insights to help you power your Business Intelligence tools. Find it at woodmac.com/lens
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