Yes, this bill is big news for carbon removal 🚨 The Clean Economy Jobs and Innovation Act is being brought to the House floor today. This bipartisan pkg of bills is intended to address climate change across the energy & industrial sectors & features CDR in a number of ways.
This bill would:
👉create a first of its kind Carbon Removal Program at DOE focused on a range of technological CDR approaches
👉 fund DAC test centers
👉create prize-based programs for demo projects
👉authorize more than a ⚡️billion dollars⚡️ over 5 yrs for these initiatives.
The legislation also provides $3B for geologic storage & testing & over $150M to the expansion of carbon use through 2025. Overall, this is an 📣unprecedented level of funding📣 that could change the carbon removal landscape in important and necessary ways. 👏
C180 director of policy @erinmburns testified in 2019 in support of many elements of this package, including the Carbon Removal Program and funding for geologic storage. We're pleased to see many key elements included in the current legislation. 📜 https://www.congress.gov/116/meeting/house/109659/witnesses/HHRG-116-SY20-Wstate-BurnsE-20190619.pdf
What comes next: a final House vote should take place soon, plus the Senate is trying to pass its own comprehensive energy bill — if that happens, both chambers will go to conference to iron out the differences, but we are hopeful the CDR provisions remain robust. ☀️
You can follow @carbon_180.
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