US rooftop solar incentives are getting warped into financial scams targeting vulnerable consumers. This seems like dangerously bad PR for PV and the #EnergyTransition in general. And maybe a preview of debacles that could play out around the very generous #45Q and #45V carbon capture and hydrogen tax credits.
Our real "alignment problem" is the divergence between the interests of billionaires, their corporations, and the rest of us.
via @pluralistic
We're interested in combining this data with CapEx reported in FERC Form 1 to understand how money has flowed into existing fossil generators & extended their operational lives, which seems relevant in the context of #45Q tax credits for investments in #CCS
Understanding how complicated a given unit is -- how many boilers, generators, smokestacks, cooling & emissions controls systems are all hooked up together -- may also provide some insight into the likely cost of fitting it with CCS.
A new paper from Emily Grubert, looking at the impacts of #45Q #CCS tax credits under different scenarios.
If CCS works, it likely extends the lives of carbon intensive plants so utilities can recover their big CCS investments, but because the capture requirements are lax, this may increase their lifetime emissions.
If CCS doesn't work, then it's a big waste of time & money that could have gone to other solutions.
Nice news blurb from the university about our project supporting #CO2Storage in #NorthDakota: https://blogs.und.edu/und-today/2022/11/carbon-capture-and-storage-from-dream-to-reality/
500 tonnes/day, 180,000 tonnes per year of CO2 stored from #ethanol production. This is an example of the #45Q tax credit and California's low-carbon fuel standard driving project development in the real world.
Catalyst Cooperative
Zane Selvans
Matt BK