CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects

The Clean Air Task Force (CATF) welcomes the IRS guidance on 45Q tax credits, stating it provides the certainty needed for CCS developers to proceed with projects. CATF specifically supports the IRS's rejection of the Energy Advance Center's proposal to minimize oversight for geologic storage in enhanced oil recovery (EOR) projects to ensure secure CO2 storage. While supporting the proposed alternative compliance pathway, CATF argues that the same annual public reporting of storage required under existing IRS rules should also apply to this alternative standard to ensure transparency.

• The IRS guidance on 45Q tax credits allows carbon capture and storage (CCS) developers to proceed with projects with certainty regarding credit administration.
• CATF supports the IRS decision to reject arguments from the Energy Advance Center that would have required almost no oversight for geologic storage in enhanced oil recovery (EOR) projects, which CATF believes ensures secure and verifiable CO2 storage.

APA

Waltzer, K. (2020). CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects. Clean Air Task Force. https://www.catf.us/2020/05/release-of-irs-guidance-for-45q-tax-credits-for-carbon-capture-projects/

Chicago

Waltzer, Kurt. CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects. Clean Air Task Force, 2020. https://www.catf.us/2020/05/release-of-irs-guidance-for-45q-tax-credits-for-carbon-capture-projects/.

Wikipedia

{{cite press release |last1=Waltzer |first1=Kurt |title=CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects |publisher=Clean Air Task Force |date=29 May 2020 |url=https://www.catf.us/2020/05/release-of-irs-guidance-for-45q-tax-credits-for-carbon-capture-projects/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{waltzer2020catf, author = {Waltzer, Kurt}, title = {{CATF Statement on Release of IRS Guidance for 45Q Tax Credits for Carbon Capture Projects}}, publisher = {Clean Air Task Force}, year = {2020}, month = may, url = {https://www.catf.us/2020/05/release-of-irs-guidance-for-45q-tax-credits-for-carbon-capture-projects/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }