Democrats bet billions on carbon capture, but the government isn’t ready – POLITICO
The result, according to both environmental officials and carbon capture experts, is that many of the projects are likely to face either serious delays while waiting for safety assessments or worse be waved through with less than thorough scrutiny.
The EPA did not respond to questions about the safety of carbon storage and the size of the agencys program to monitor it.
Some climate activists whove long claimed that carbon capture is merely a way to perpetuate a fossil-fuel economy say the lack of regulatory apparatus is a sign of rushed decision-making. And they say it could put low-income residents and communities of color at risk, despite the Biden administrations pledges to address historical disparities in how environmental burdens are distributed.
For the most part leadership in both parties is aligned around trying to deploy as much [carbon capture] as possible, despite what the potential environmental justice impacts will be and despite considerable concerns about the technology and accountability, safety and security concerns, said Tyson Slocum, director of the energy program at the progressive consumer advocacy group Public Citizen.
Even government officials trying to get these projects to fruition are a little unsure about how this will play out given the lack of bodies behind the relevant desks.
Its tricky because this happened in a way that we werent super prepared for in a federal policy perspective, said Shuchi Talati, who until last April was chief of staff in the Energy Departments Office of Fossil Energy and Carbon Management, which is handling billions of dollars for carbon capture grants and subsidies. I hesitate to call it a bottleneck. Its just going to take some time.
Funding a technology thats unproven at scale may be a massive gamble, though its one that only the U.S. government has the wherewithal to make, said Samantha Gross, who was director for international climate and clean energy at the Energy Departments Office of International Affairs during the Obama administration.
Theres some risk associated with the investment, but I think its a risk thats totally worth taking, said Gross, who now directs the Energy Security and Climate Initiative at the Brookings Institution. You want to take some risk thats the point. Its a technology that we need.
The money Congress approved is staggering. The bipartisan infrastructure law funded $6.5 billion for technology to capture carbon, pull it from the air or store it underground, another $3.5 billion for carbon capture demonstration projects and $2.1 billion to build pipelines to transport CO2. All that would go into an industry that research firm Allied Market Research estimates as having only $2.1 billion in global market capitalization.
Those are just the direct subsidies. Just as importantly, the Democrat-passed Inflation Reduction Act strengthened a key tax credit that expanded carbon captures viability across many sectors, including cement and steel.
The technology is advertised as being able to scrub carbon dioxide and other pollutants from industrial processes before they can reach the atmosphere and trap the heat raising the Earths temperature.
Carbon capture may be the only real way to cut emissions at heavy industry sites, where switching to renewable energy is not yet an option. But while the underlying technology has been used for years, it has yet to take off at a huge scale. Only 13 commercial carbon capture sites are in operation in the U.S., said Jessie Stolark, executive director of the Carbon Capture Coalition, a group of oil and gas, tech, environmental and policy groups that back the technology.
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Democrats bet billions on carbon capture, but the government isn't ready - POLITICO
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