Inflation Reduction Act opens the door to utility scale bioenergy CCS: white paper
September 1, 2022
The Inflation Reduction Act (IRA) has opened the door for what may be the most efficient and pragmatic approach to actively lowering atmospheric CO2 concentrations.
Combining the use of fuel produced from the by-products of continuously growing managed forests with carbon capture results in the same outcome as direct air carbon capture and sequestration (DACCS): CO2 is removed from the atmosphere.
Furthermore, bioenergy carbon capture and sequestration (BECCS) coupled with modified existing utility coal-fuelled power boilers is the only technological solution that can remove CO2 from the atmosphere and simultaneously produces baseload power at utility scale.
This white paper presents a new perspective on how the IRA’s $180 per ton support for DACCS translates to the carbon negative benefits of BECCS.
This white paper is complimented with a highly comprehensive interactive dashboard. The user can select any one of the US power plants that are less than 15 years old and experiment with how CCS (at best, carbon neutral from fossil fuels) and BECCS (carbon negative) will significantly lower the cost of generation.
Find the white paper and dashboard on the FutureMetrics website.
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