Southern Co.'s Kemper County power plant under construction in Mississippi in 2014. The facility abandoned carbon capture due to the high cost.
Photographer: Gary Tramontina/BloombergFossil Fuel’s Answer to Climate Change Just Got Less Expensive
Tax credit reignites interest in the fossil-fuel industry’s preferred weapon against global warming
Carbon capture, the fossil-fuel industry’s favorite weapon against climate change, has never really caught on because of the cost.
That may be about to change. The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax credits for the systems, and supporters say it could usher in a new era for the controversial technology.