![]() ![]() But experts like the International Panel on Climate Change and the International Energy Agency make clear there’s a critical role for these technologies in our global efforts to achieve the goals of the Paris Agreement. Carbon Dioxide Transport, Engineering, and Design will provide up to $100 million to design regional CO2 pipeline networks to safely transport captured CO2 from key sources to centralized locations.Ĭarbon capture and storage, CCS, is not a substitute for aggressive efforts to reduce fossil fuel dependence and toxic industrial pollution.The Carbon Capture Demonstration Projects Program will provide up to $2.54 billion to fund at least six commercial-scale carbon capture demonstration projects designed to further the development, deployment, and commercialization of technologies to capture and geologically store carbon emissions.Carbon Storage Validation and Testing will provide up to $2.25 billion for the development of large-scale commercial CO2 storage projects and associated infrastructure, with the capacity to store at least 50 million metric tons of CO2.Part of the Bipartisan Infrastructure Law, the funding will support three programs focused on the demonstration and deployment of carbon dioxide capture systems, transport, and storage.Ĭurrently, DOE is reviewing applications for these funding opportunities: Secretary Granholm announced the Department of Energy’s $4.9 billion in funding for carbon capture and storage systems at the International Clean Energy and Mission Ministerial in September 2022. What DOE should consider as it makes decisions on Carbon Capture and Storage Demonstration Projects Click To TweetĪ Historic Investment in an Important Climate Change Tool For the government’s investment in carbon capture and storage, CCS, projects to produce advancements that are productive for the climate and communities, it should include key safeguards that protect both. Nearly $5 billion from the Department of Energy combined with the economic incentives in the Inflation Reduction Act represent the United States’ first major steps to building a domestic carbon management industry that supports our Paris commitments.īut funding is only one piece of the puzzle. ![]()
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