Algae’s Big Winning Streak in DC – How to Take Advantage
Algae is on a roll in Congress. Despite a challenging fiscal environment, the latest federal spending bill passed by Congress includes new funding for algae R&D that will be available in FY2018 and, for the first time, tax credits for algae-based carbon capture and use (CCU). New proposals to boost algae agriculture and further speed deployment of CCU technology are also gaining steam. Policy experts at the heart of these and other efforts to boost algae and related technologies offer a detailed look the latest developments, implications for algae research and the algae industry, and what you can do to keep things rolling. Join us for this exclusive insider conversation.
Tuesday, May 1st, 2018
3:00 – 4:00 p.m. Eastern Time
Register via the link below to receive dial-in information before the call.
This call is free for ABO members. Non-members can participate for a $100 fee.
- Matt Carr, Executive Director, ABO
- Aaron Goldner, Energy Policy Advisor, Senator Sheldon Whitehouse (D-RI)
- Anaïs Borja, Legislative Assistant, Congressman Scott Peters (D-CA)
- Tim Peckinpaugh, Partner, K&L Gates
- Appropriations: The spending bill passed in March included $30 million for the Department of Energy’s Biotechnology Office to advance algae R&D, with at least 50% targeted for university or university-led consortia. It also added $12 million for carbon use and reuse R&D within the DOE’s Fossil Energy Office. Learn how this funding will be made available.
- Carbon Capture and 45Q: In February, Congress passed a $35 per ton tax incentive for carbon captured and recycled from power plants or industrial facilities using algae or other biologically-based carbon capture and use (CCU) systems. Learn how projects can take advantage.
- Algae Agriculture Act: With the recent introduction of the Algae Agriculture Act of 2018 by a bipartisan group of legislators ABO is working to make algae a new pillar of American agriculture. Learn how this bill can increase R&D at the USDA, provide algae crop insurance, and more.
- USE IT Act: Also introduced with bipartisan support, the Utilizing Significant Emissions with Innovative Technologies (USE IT) Act would support carbon utilization and direct air capture research by amending EPA authority and the permitting process for CO2 infrastructure.
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