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Congress, DOE continue carbon capture push, but utilities wary
Utility Dive: Carbon capture technology is touted as a way to reduce the emissions of fossil fuel burning power plants, but it comes at a high cost.
To spur investment in the technology, Congress passed in February an extension of a carbon capture tax credit, known as 45Q, as part of the budget. However, the tax incentive isn’t garnering enthusiasm from power generators, who say the technology is still too expensive and lack sufficient policy drivers to reduce their emissions.
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