REA Response
Carbon capture and storage can generate added dispatchable power with fewer emissions. Texas is well-equipped to scale up CCS technology thanks to our abundant natural resources and underground storage spaces, especially along the Gulf Coast.
Commentary: Texas needs to support carbon capture and storage technology
My RGV, Jun. 10, 2024
When it comes to energy, you can always count on Texas’ innovative spirit and get-it-done attitude to lead the way. Our vast natural resources and ability to provide affordable, reliable energy has made Texas a global energy leader and an economic powerhouse. In the past decade alone, our state expanded its status as an energy hub by taking a technology-neutral approach that welcomes investments in all forms of low-carbon technologies, including safe, proven solutions like carbon capture and storage (CCS) that complement our existing natural gas resources. As one of the fastest growing states, we’ll need energy from every available source if we want to keep up with demand and continue to lower our carbon emissions.
Despite our willingness to bet on growing technologies like CCS technology, federal bureaucracy is holding back investments that could create new jobs and strengthen our energy sector in South Texas and across the state. Since establishing the Class VI program for carbon storage in 2010, the U.S. Environmental Protection Agency has only approved six permits. The Houston Chronicle has reported that as demand for carbon capture and storage has grown, accelerated by Congress’ investments through the Inflation Reduction Act, requests for permits have stretched the capacity for the EPA to issue decisions in a timely manner. It can take as long as five years for the EPA to issue a permit. Hundreds of applications, including many from Texas, are currently languishing, waiting for federal approval.
Read the full article here.