Despite doubts over the viability of carbon capture technology, US government subsidies for the field received a boost this year, even as President Donald Trump delivered on his campaign promise to wind down most of the Biden era’s green-energy programs. The One Big Beautiful Bill Act (OBBBA) enacted this year slashed incentives for solar projects, wind power and electric vehicles established by the Biden administration’s Inflation Reduction Act of 2022.
Carbon capture can be used to boost fossil-fuel production, and that helped make it popular as GOP lawmakers crafted the OBBBA, Bracewell’s Frank Maisano told MarketWatch.
Maisano said advocates for carbon capture did not feel like they were on “much of a roller coaster” and “seemed to be in the clear very early,” while proponents of wind and solar power did experience ups and downs as the legislation changed. The OBBBA in part aimed to pull back on and “almost erase” what Biden administration officials had done on clean energy, he said.
