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Diving further into the Inflation Reduction Act: Part One

Volts

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The Tax Credits for Carbon Capture and Sequestration

The tax credits for carbon capture and sequestration have been expanded. They are currently 50 dollars per ton in 20 26, i think, for capture and storage,. And 35 dollars per ton for capture and use of industrial processes such as anhanced oil recovery or psynthetic fuels. The bill has also added a new direct air capture subsidy that previously didn't qualify.

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