- Rep. Carlos Curbelo (R-Fla.)
The bipartisan Carbon Capture Improvement Act provides carbon capture projects access to tax-advantaged bonds issued by municipal and state governments to attract investment in local infrastructure projects.
Private-activity bonds provide low-cost financing for carbon capture development. They have been proven for nearly 50 years as an effective way of attracting private sector funds, including helping to finance airports, docks, electricity grid infrastructure and other projects.
The Carbon Capture Improvement Act’s diverse benefits has earned support from a broad coalition of U.S. energy companies, labor unions and environmental organizations.