Bipartisan Policy Momentum for mCDR

Both Republicans and Democrats support increasing the federal government’s focus on marine carbon dioxide removal (mCDR).

In 2024, it was the focus of one of the most bipartisan Congressional hearings of the year, hosted by Rep. Max Miller (R-OH) — Chair of the House Science, Space, and Technology Subcommittee on Energy. There are a number of specific actions the federal government can take to advance mCDR, including permitting reform and cost-effective investments in basic research

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Marine Carbon Dioxide Removal

Marine carbon dioxide removal (mCDR) is a promising solution that will boost local economies while removing harmful greenhouse gas emissions. The private sector is investing hundreds of billions of dollars to decarbonize, and mCDR could be an essential complement to net zero goals that companies continue to pursue. With greater focus and investment on this emerging sector, mCDR has the potential to bring jobs to communities and protect the environment while producing safe, long-term, and cost-effective carbon removal

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How Technology-Neutral Tax Credits Unleash American Energy Dominance

Beginning in 2025, the United States is introducing new technology-neutral tax credits aimed at promoting sustainable electricity generation. The two proposed credits replace the previous technology-specific Clean Electricity Investment Tax Credit (ITC) and Clean Electricity Production Tax Credit (PTC), which were available for projects starting construction prior to December 31st, 2024. Congress has already approved these tax credits through the Inflation Reduction Act of 2022. The new policy, however, is created to be adaptable, allowing new zero-emission technologies to qualify without them being directly mentioned in the language. The proposal seeks to implement both the ITC and PTC while giving businesses more flexibility in their tax credit plan as well as the technology they choose to use.

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