Biden’s carbon-capture plan hands lifeline to coal plants
Power plants that capture their carbon dioxide emissions would be eligible for a tax credit of as much as $85 per metric tonne under the draft of Biden’s $1.75 trillion spending plan.
The latest setback came April 19, when a judge ruled Trump’s Interior Department illegally lifted an Obama-era moratorium blocking the sale of coal on federal land.
Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.