Economic Potential of mCDR

mCDR has huge economic potential.

Marine carbon dioxide removal (mCDR) will help preserve coastal livelihoods by creating well-paying jobs in scientific research, construction, and operations. Jobs and opportunities will not be limited to the coasts — with manufacturing and supply chain, technology development, and mineral procurement job growth across the country. Many of these roles will not require four-year college degrees and will be important pathways for students at trade and vocational schools. Developing the industry will make the U.S. a global leader in carbon management, while maintaining a strong market-driven approach.

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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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