The climate bill’s projected emissions cuts rely heavily on carbon capture – it would mean thousands of miles of pipeline
The sweeping climate, energy and health care bill expected to go to a vote in the U.S. House on Friday contains about US$370 billion to foster clean energy development and combat climate change, constituting the largest federal climate investment in history.
Several studies project that its climate and energy provisions could enable the United States to reduce its greenhouse gas emissions by around 40% below 2005 levels by 2030. That would be a significant improvement over the current projections of 27%, and it could put the U.S. within hailing range of its pledge under the Paris Agreement to reduce emissions by at least 50% by 2030.
Notably, one linchpin of the bill’s climate provisions is a set of incentives to substantially expand technologies that capture carbon dioxide and either store it underground or ship it for reuse.