BlueGreen Alliance Responds to the U.S. Department of Treasury and Internal Revenue Service’s Request for Comments on the Credit for Carbon Oxide Sequestration
We appreciate the opportunity to provide input to shape the implementation of the updated 45Q tax credits for carbon sequestration, which could play a key role in achieving our climate goals by reducing industrial emissions and scaling up the removal of carbon dioxide from our atmosphere. With proper implementation, these credits could significantly further our climate goals, support cleaner air and greater economic security in hard-hit industrial communities, and support and create high-quality, union jobs.
Our Policy Advisor, Ben Davis, responded to questions on Direct Air Capture and on the use of CCUS for industrial facilities, calling for the inclusion of high-road labor standards and strong protections for land, air, and water to be included as the IRS implements the 45Q tax credit.
See the full comments.