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The 45Q Carbon Sequestration Tax Credits: First Steps or Moral Hazard?

By Bruce Melton PEAbrupt changes, Climate Culture, Climate Policy, Climate Reform, climate restoration, climate solutions, CO2 Removal and Sequestration, economics, Healthy Climate, Legacy Policy, Negative emissions, politics, Solutions, Strategy, What we can do

The 45Q Carbon Sequestration Tax Credits: First Steps or Moral Hazard? Summary: The new enhancements to Obama’s 45Q carbon dioxide sequestration tax credits are widely seen as a boon to the oil industry. A deeper look reveals they could be the incentive that allows us to actually reverse warming, something that most people understand…

July 9, 2018

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Remember, average global warming over land is double the global average because of the cooling influence of our oceans and ice sheets, or 3.56 degrees C in December (6.4 F). and the average over the arctic is four times the global average or 7.12 C (12.8 F). Importantly, the increase in extreme temperature is far greater than the average, and extreme weather increases nonlinearly because of the basics of heat and energy physics, where a little warming does not create a little more extremeness in the weather, it creates a lot more.

The 45Q Carbon Sequestration Tax Credits: First Steps or Moral Hazard?

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