The Future of Carbon Capture Retrofit and Pipeline Transportation Workforce Opportunities
The Inflation Reduction Act has paved the way for significant advancements in the section 45Q tax credit for carbon sequestration, resulting in a surge of economic carbon capture retrofit opportunities in the United States. This expansion has primarily been observed in the industrial sector, with a continuous increase in retrofit announcements. Carbon capture technology plays a vital role in decarbonizing industrial combustion and process emissions, as well as the country’s electricity system.
Expanding the Analysis
In this comprehensive analysis, we provide an updated state-by-state examination of the workforce opportunities in carbon capture retrofit and pipeline transportation. Building upon previous research focused on states participating in the Great Plains Institute’s Regional Carbon Capture Deployment Initiative, we have now expanded our analysis to include new initiative states in the Mid-Atlantic region of the US. These states include Kentucky, West Virginia, Virginia, Delaware, Maryland, New Jersey, and Pennsylvania. Furthermore, we assess the CO2 storage investment and employment benefits for all states in the Mid-continent and Mid-Atlantic region. This groundbreaking study is the first of its kind to explore the economic potential and workforce prospects for CO2 storage on a large scale, providing valuable insights into the construction, operation, and employment opportunities associated with carbon capture retrofits and CO2 pipeline transportation and storage infrastructure.
An Interactive Visualization
This nonpartisan and independent research has been conducted with the support of the Great Plains Institute (GPI). The presented results reflect the views of the authors and do not necessarily represent those of the supporting organizations.
Read More of this Story at rhg.com – 2023-12-11 11:04:31
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