4 ms·
The US gives tax credits of $50/ton for underground storage and $30/ton for usage of the CO2.
by thinkcontext 8y ago
The US gives tax credits of $50/ton for underground storage and $30/ton for usage of the CO2.
- vkou 8y agoSo, about 5 cents per gallon of gas? That is a complete joke.
- tlb 8y agoCoal prices vary, but can be as low as $50/ton. If you set the price for carbon burial much higher than that, it enables a business model you might not want to encourage.
- gomox 8y agoYou mean burning coal and capturing carbon back to profit from the price spread?
- voidmain 8y agoI think they mean digging up coal and burying it in the ground again. Carbon captured, mission accomplished!
- cobbzilla 8y agoThe current spot price for a short ton of coal is $40 [1], if it stays this low for a while, and the subsidy is in fact above that price, then watch out for some "business model innovation" in this space. [1] http://www.infomine.com/investment/metal-prices/coal/5-year/ http://www.infomine.com/investment/metal-prices/coal/5-year/
- thinkcontext 8y agoIts one of the higher non-gas tax incentive schemes in the world actually. Of course that's not saying much.