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The carbon capture era may finally be starting

As published by

MIT Technology Review

The budget bill that President Donald Trump signed into law earlier this month provides a huge incentive for capturing and storing carbon emissions.

Energy researchers who have crunched the numbers in the days since have concluded that on many projects the boosted tax credit could finally tip the scales for a technology that's long proved far too expensive.

The provision won't completely offset the high cost of retrofitting power plants, though it will certainly lower the price tag. But it could make an immediate difference in cutting emissions from a source that's otherwise very difficult to address: the industrial sector, which produces a significant portion of the greenhouse-gas emissions in the United States.

"I think we'll see dozens of [carbon-capture] projects appear in the next couple of years that could not have happened otherwise," says Julio Friedmann of the Energy Futures Initiative, who was previously principal deputy assistant secretary at the US Department of Energy's Office of Fossil Energy.

Read the full article on MIT Technology Review