The Implementation of Tax Code 45Q: The Billion Dollar Carbon Sequestration Tax Credit

December 19, 2021

Turning the corner or moving backwards?

On this episode, hosts Peter Ravella and Tyler Buckingham talk about the role tax credit 45Q in the energy transition with Nicholas Kusnetz, a Reporter with Inside Climate News. Nick covers the energy sector, the implementation of 45Q, and has been watching closely as the Biden Administration's Build Back Better legislation, which contained significant increases to the 45Q credits, moved through Congress. What does 45Q mean for climate adaptation? And, what would expanding it do? We explore on this episode of the American Shoreline Podcast.

Show Transcription
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Peter Ravella & Tyler Buckingham

Peter and Tyler joined forces in 2015 and from the first meeting began discussing a project that would become Coastal News Today and the American Shoreline Podcast Network. At the time, Peter and Tyler were coastal consultants for Pete’s firm, PAR Consulting, LLC. In that role, they worked with coastal communities in Texas, Florida, and North Carolina, engaged in grant writing, coastal project development, shoreline erosion and land use planning, permitting, and financial planning for communities undertaking big beach restoration projects. Between and among their consulting tasks, they kept talking and kept building the idea of CNT & ASPN. In almost every arena they worked, public engagement played a central role. They spent thousands of hours talking with coastal stakeholders, like business owners, hotel operators, condo managers, watermen, property owners, enviros, surfers, and fishermen. They dived deep into the value, meaning, and responsibility for the American shoreline, segment-by-segment. Common threads emerged, themes were revealed, differences uncovered. There was a big conversation going on along the American shoreline! But, no place to have it. That's where CNT and ASPN were born.