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Legislative Programs To Assist in Carbon Dioxide Capture Projects

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U.S. Department of Energy Links

According to the MIT Technology Review, in a post published on September 2, 2022, the newly enacted Inflation Reduction Act, "significantly boosts tax subsidies for carbon capture, removal and storage." The article's author, James Temple, also reports the CHIPS and Science Act authorizes (but does not appropriate), "$1 billion for carbon removal research and development at FECM." "But most notably," he reports, the Infrastructure and Jobs Act...will direct some $12 billion into carbon capture and removal, including pipelines and storage facilities." 

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On May 19, 2022, the U.S. Department of Energy announced a bipartisan infrastructure law effort to establish regional direct air capture hubs for "large-scale C02 removal." According to the announcement, "The Regional Direct Air Capture Hubs program will support four large-scale, regional direct air capture hubs that each comprise a network of carbon dioxide removal (CDR) projects to help address the impacts of climate change, creating good-paying jobs and prioritizing community engagement and environmental justice. In addition to efforts to deeply decarbonize the economy through methods like clean power, efficiency, and industrial innovation, the widespread deployment of direct air capture technologies and CO2 transport and storage infrastructure plays a significant role in delivering on President Biden’s goal of achieving an equitable transition to a net-zero economy by 2050." 

Videos courtesy U.S. Department of Energy. 

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