Welcome to 45Q: America's Backdoor Carbon Emissions Market Takes Flight

America's secret market for carbon capture & sequestration

On this episode, Peter Ravella and Tyler Buckingham turn their attention to 45Q, the section of tax code that establishes generous tax credits for carbon sequestration that are potentially worth billions of dollars annually.  45Q creates a potentially powerful market for sequestration tax credits that are tradable and available to investors. Joining the show are Brad Crabtree and Jason Lanclos. Brad is the Director of the Carbon Capture Coalition, a group of public, private, and non-profit stakeholders working to advance carbon capture in the US.  Jason is the Director of the Technology Assessment Division at the Louisiana State Energy Office and brings to the show his experience working at the state level to implement new carbon capture projects in the oil and gas heavy Pelican State.  Join us for a wonky conversation about the tax credits that might just save the world.  Only on ASPN!

Read also Treasury Department and Internal Revenue Service Release Final Rule on Section 45Q Credit Regulations

Show Transcription
Peter Ravella & Tyler Buckingham

Peter and Tyler joined forces in 2015 and from the first meeting began discussing a project that would become Coastal News Today and the American Shoreline Podcast Network. At the time, Peter and Tyler were coastal consultants for Pete’s firm, PAR Consulting, LLC. In that role, they worked with coastal communities in Texas, Florida, and North Carolina, engaged in grant writing, coastal project development, shoreline erosion and land use planning, permitting, and financial planning for communities undertaking big beach restoration projects. Between and among their consulting tasks, they kept talking and kept building the idea of CNT & ASPN. In almost every arena they worked, public engagement played a central role. They spent thousands of hours talking with coastal stakeholders, like business owners, hotel operators, condo managers, watermen, property owners, enviros, surfers, and fishermen. They dived deep into the value, meaning, and responsibility for the American shoreline, segment-by-segment. Common threads emerged, themes were revealed, differences uncovered. There was a big conversation going on along the American shoreline! But, no place to have it. That's where CNT and ASPN were born.