CCUS Incentives
Several countries have implemented financial incentives to promote Carbon Capture, Utilization, and Storage (CCUS) technologies. Click the links below for more information about legislation and activities related to incentives, plus online government resources. If you have a suggestion for this page (or would like to appear here) give us a shout.
United States of America - CCUS Incentives
The 45Q tax credit in the U.S. offers up to $50 per metric ton for CO2 storage and $35 for CO2 used in enhanced oil recovery, encouraging CCUS projects across various sectors.
European Union - CCUS Incentives
The Innovation Fund allocates $1.5 billion and the Connecting Europe Facility provides over $500 million for CCUS projects, promoting innovation and infrastructure development.
Netherlands - CCUS Incentives
The Netherlands has committed $7.3 billion under the SDE++ scheme to support CCUS projects and other CO2 reduction technologies.
Denmark - CCUS Incentives
Denmark's national strategy allocates $1.2 billion for CCUS projects, focusing on capture, storage, and bioenergy with CCUS.
Japan - CCUS Incentives
Japan has chosen seven CCUS projects to capture and store 13 million metric tons of CO2 annually by 2030, with the draft CCS Business Act establishing a legal framework.
Germany - CCUS Incentives
Germany's strategy highlights CCUS as vital for its 2045 carbon neutrality goals, with plans to amend legislation to regulate CCUS and offshore CO2 storage.
Indonesia - CCUS Incentives
Indonesia has set up a comprehensive framework for CCUS, including licensing, CO2 storage permits, and cross-border transport procedures, to support its deployment in oil, gas, steel, and cement sectors.
India - CCUS Incentives
India is developing a CCUS policy framework to support decarbonization, covering standards, capture, transportation, storage, and utilization, as part of its strategy to reach net-zero emissions by 2070.
Canada - CCUS Incentives
Canada's Carbon Management Strategy includes a $2 billion fund to support large-scale CCUS projects, promoting technology development across various sectors and regions.
China - CCUS Incentives
China supports CCUS with initiatives and low-cost loans from the People's Bank of China’s CERF, focusing on large-scale projects, international collaborations, and decarbonization in key sectors.