The Launching Energy Advancement through Innovations in Natural Gas (LEADING Act) directs the Department of Energy to conduct critical carbon capture research and development for natural gas power plant applications.
The Enhancing Fossil Fuel Energy Carbon Technology Act (EFFECT Act) provides the Department of Energy’s Office of Fossil Energy with new resources and tools to develop clean technologies.
The Carbon Capture Modernization Act is a companion to other financing efforts to dramatically spur more deployment of carbon capture, utilization and storage technologies at coal and natural gas generation and other industrial facilities.
The bill builds on the bipartisan FUTURE Act, which was signed into law and expands and extends the key 45Q carbon capture tax incentive. It would further support carbon capture technologies through public-private partnerships, permitting improvements and innovative R&D.
H.R. 3761 and S. 1535 extend and expand the Section 45Q tax incentive for projects that capture and store carbon from coal and natural gas power plants and other facilities.