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.
Similar Stories to Project 2025 Aims To Kill Federal Subsidies For Carbon Removal Projects on Bing News
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
BING NEWS:
- Project 2025 Aims to Kill Federal Subsidies for Carbon Removal Projects
The tech has legitimate critics, but the Heritage Foundation still clings to debunked claims about the reality of climate change.
09/19/2024 - 11:00 pm | View Link - Project 2025 Would Drastically Cut Support for Carbon Removal
The Heritage Foundation’s plan for a potential Trump second term has little time for schemes to suck carbon dioxide out of the atmosphere.
09/18/2024 - 12:00 am | View Link - Carbon removal companies get cash infusion as political risks mount
Millions of dollars are pouring into startups with plans to turn climate pollution into cash, despite trouble on the horizon for the nascent carbon removal sector.
09/17/2024 - 11:12 pm | View Link - Project Bison fails. What’s next for the carbon removal megaproject?
The Wyoming venture's collapse raises questions about the fledgling direct air capture industry — and the Biden administration’s support of it.
09/4/2024 - 11:28 pm | View Link - More
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