Tax rule for industry rewards carbon capture
Wednesday, February 26, 2020 - 13:21
in Physics & Chemistry
When it comes to encouraging manufacturers to reduce their carbon dioxide (CO2) emissions, a carrot might be more effective than a stick. That's the approach taken by a recent U.S. tax code rule that offers credits to companies that capture and then store or use CO2. The rule will likely spur innovations in carbon capture technology, according to an article in Chemical & Engineering News (C&EN), the weekly newsmagazine of the American Chemical Society.