Carbon capture is an essential part of a climate response strategy and a new market for investors. In large part, this is due to new U.S. policies that help align markets to carbon dioxide reduction and removal. One of the most important policies is a change to the US tax code, section 45Q, which creates a tax credit awarded to the capture and long-term internment of carbon dioxide. This new law has implications for U.S. industry, innovation, clean power, and global competitiveness, and is already influencing banks, equity, and institutional investors as the next clean energy market opportunity. Understanding the law, its interpretation, and associated regulations will be critical to successful deployment of carbon capture projects in U.S. electricity and industrial sectors.
CGEP's Carbon Management Research Initiative and Women in Energy program hosted an exceptional panel of leaders and experts who discussed 45Q and other policies for carbon capture.
Judi Greenwald is a Fellow at Princeton University’s Andlinger Center for Energy and the Environment. She is also the Principal of Greenwald Consulting LLC, providing energy and environmental expert advice, strategic planning, and policy analysis to clients. Until 2017, Ms. Greenwald was the Deputy Director for Climate, Environment, and Energy Efficiency in the U.S. Department of Energy’s (DOE’s) Office of Energy Policy and Systems Analysis. Ms. Greenwald also served as a Senior Advisor to the Secretary for Climate Change.
Romany Webb is a Senior Fellow with the Columbia University Sabin Center for Climate Changer Law. Prior to joining the Sabin Center, Ms. Webb worked at the University of California Berkeley Energy and Climate Institute. Ms. Webb also completed a fellowship with the Kay Bailey Hutchison Center for Energy, Law, and Business at the University of Texas at Austin, where she researched energy policy. The fellowship followed several years working in private practice in Sydney, Australia.
Shannon Angielski is the Principal for Governmental Issues at Van Ness Feldman where she provides clients with a wide range of regulatory and policy advice on energy and environmental policy issues and advises clients on the development of energy and environmental technology projects. Ms. Angielski is also the coordinator of the firm’s Federal Funding practice. As Executive Director of the Carbon Utilization Research Council (CURC), Ms. Angielski develops and supports coalition initiatives and designs legislative proposals for clean energy and climate change policies and programs.
Julio Friedmann (Moderator) is a Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA. He served as Principal Deputy Assistant Secretary for the Office of Fossil Energy at the Department of Energy. Dr. Friedmann also held positions at Lawrence Livermore National Laboratory, including Senior Advisor for Energy Innovation and Chief Energy Technologist. He is also the CEO of Carbon Wrangler, LLC, is a Distinguished Associate at the Energy Futures Initiative, and serves as a special advisor to the Global CCS Institute. He was recently named as a Senior Fellow to the Breakthrough Institute and the Climate Leadership Council.