SMOG - Governments Increasingly Adopt Incentive Schemes To Encourage Decarbonization Of The Oil And Gas Industry
- Oil and gas producing countries across the world are rolling out policies and regulations to boost investment in emission-reduction technologies and decarbonization of the upstream sector.
- In North America and Australia, host governments pair budgetary funding of research and demonstration projects with loan guarantees and tax credits to incentivize low-carbon investment.
- In early April, the federal government introduced a tax credit for CCUS projects as part of the 2023 budget.
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Governments Increasingly Adopt Incentive Schemes To Encourage Decarbonization Of The Oil And Gas Industry