Two U.S Senators, Rob Portman and Michael Bennet, have introduced the Carbon Capture Improvement Act.
The Bill is intended to allow power plants and industrial facilities to easily finance the purchase and installation of carbon capture, utilisation, and storage equipment.
It is also designed to allow businesses to use private activity bonds (PABs) issued by local or state governments to finance a carbon capture project, such as direct air capture (DAC).
DAC allows removal of carbon dioxide directly from the atmosphere. Such carbon capture technologies are innovative methods which can be used to dramatically reduce emissions.
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