This statute essentially provides a tax credit to incentivize carbon capture, storage and utilization. For now, however, these negative emissions technologies remain more novelty than mainstream, as a host of questions – from the impact on future use of fossil fuels to policies governing the use of public land and ocean resources – wait for answers. So far we’ve evidently moved too slowly with the necessary decarbonization of modern economic activities; as a result, we likely have committed ourselves to the inevitable use of negative emissions technologies. Direct air capture, for example, faces competition from post-combustion or oxy-combustion technologies. For now, negative emissions technologies are mired by these questions that are waiting for answers which can only be found when all stakeholders feel the same sense of urgency.

Source: Forbes September 14, 2018 20:15 UTC