This story was originally published by WIRED and is reproduced here as part of the Climate Desk collaboration. Over the past few years, the United States has become the go-to location for companies seeking to suck carbon dioxide out of the sky. There are a handful of demonstration-scale direct air capture (DAC) plants dotted across the globe, but the facilities planned in Louisiana and Texas are of a different scale: They aim to capture millions of tons of carbon dioxide each year, rather than the dozens of tons or less captured by existing systems. The US has a few things going for it when it comes to DAC: It has the right kind of geological formations that can store carbon dioxide pumped underground, it has an oil and gas industry that knows a lot about drilling into that ground, and it has federal grants and subsidies for the carbon capture industry.
Project 2025 Aims To Kill Federal Subsidies For Carbon Removal Projects
Matt Reynolds, Mother Jones
Fri, 09/20/2024 - 3:00am
Topics: desk collaboration the us department energy doe it s jason hochman direct air capture coalition trump mandate leadership doe s office clean energy demonstrations the heritage foundation wired s sucking intergovernmental panel climate change s sixth assessment report says 000—although google for dac that s doe regional dac hubs andreasen breakthrough energy bill gates–founded bipartisan infrastructure law daniel nathan inflation reduction act you katie lebling world resources institute jonas meckling uc berkeley harvard business school texas dac occidental petroleum doe dac senator bill cassidy european union on united states dac louisiana doe i heritage foundation the heritage foundation project in as dac dac in climeworks nathan aims federal subsidies dioxide support tax funds time technology credits eligible credit facilities claim scale atmosphere companies plants sector market oil future stored net costs set underground gas built dollars grants hundreds development start eventually sky accelerate announced doubt store policy year years soil remove forests important skeptical openly offsets guaranteed societal good active requires private governments build
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11/12/2024 - 12:54 am | View Link - Carbon removal industry calls on U.S. government for regulation in new industry report
The unregulated carbon dioxide removal industry is calling on the U.S. government to implement standards and regulations to boost transparency and confidence in the sector that's been flooded with ...
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