Decarbon Daily - Issue for August 4, 2021
Inside this issue
While doing the research on the Infrastructure Bill of 2021, I looked back into the American Recovery and Reinvestment Act of 2009 and the EU's Energy Programme for Recovery. Collectively, these acts provided nearly $8.5 billion in funding and were encouraging the development of CCUS after the global financial crisis.
As of today, according to the IEA, only five projects are operating as a direct result of these policies. Staggering numbers considering the $18 billion investment the USA is about to make into carbon capture and storage. Now, I'm sure there is new technology, new processes, and learnings from the first round of the investment, but the industry must improve the ratio of funding to active projects.
Companies must be capital efficient to make the expanded CCS work in the US and globally. The carbon hubs that are mentioned in the Infrastructure Bill will be critical to have the people, jobs, and resources needed to deliver the projects on-time, on-budged, and as designed.
Inside this Issue
🗂 Inside the Epic Infrastructure Bill
🤝 Gordon Signs Agreement for Wyoming and JCOAL Carbon Capture Research
👷🏼♀️ Carbon Clean Awarded FEED Contract for Acorn CCS project
♻️ A new era for CCUS – CCUS in Clean Energy Transitions
Articles in this issue