Reps. Young, Peters Introduce Bipartisan Bill to Incentivize Carbon Capture Technology
Today, U.S. Congressmen David Young (IA-3) and Scott Peters (CA-52) introduced the bipartisan Carbon Utilization Act of 2018, which promotes biogas and carbon capture utilization and sequestration (CCUS) technologies to increase biogas production as part of a diverse mix of energy sources, from natural gas to nuclear, to wind and solar, and even algae, to meet our future energy needs.
Biogas is created from organic waste material from food, crops, livestock, and wastewater that is converted into carbon dioxide, methane or other carbon products. The carbon dioxide or methane produced by the breakdown of those organic materials is captured using CCUS technologies, and then used as electricity, heat, or fuel—or even fertilizer or soil.
This bill incentivizes the use of this innovative technology for farmers, ranchers, biotech, and small businesses by broadening United States Department of Agriculture (USDA) loan guarantees, rural development loans, and research programs to include CCUS technologies. The bill also promotes collaboration between government agencies and creates education programs highlighting carbon capture technology. Senators Michael Bennet (D-CO) and Sheldon Whitehouse (D-RI) introduced a similar bill in the Senate.
“Across Iowa, farms, ethanol and biodiesel plants, and other rural businesses hold the potential to help the United States become more energy independent by putting their byproducts to use. Carbon capture technology will help reduce the amount of harmful gasses in the air, bring us closer to energy independence, and continue to grow our economy. Working in a bipartisan way, we can increase investment in our rural communities and I look forward to working with Congressman Peters and my colleagues to advance this legislation,” said Rep. David Young.
“The future of energy depends on innovation. In San Diego, our clean energy sector is capitalizing on new energy sources, like biogas, which produces more efficient energy and creates jobs in the process. Investing in carbon capture technology is an investment in the future of energy that reduces our dependence on foreign oil, cuts greenhouse gas emissions, and helps grow our economy. I look forward to continuing to work with my colleagues and key industries to foster groundbreaking energy programs,” said Rep. Scott Peters.