Carbon Dioxide Removal Leadership Act: Mandatory Targets and Technology Investment
This Act mandates the Department of Energy to remove millions of metric tons of carbon dioxide directly from ambient air or seawater, significantly boosting climate change mitigation efforts. It introduces substantial public investment in carbon removal technologies, fostering job creation, particularly in regions historically reliant on fossil fuels. Citizens can anticipate cleaner air and accelerated development of innovative, green technologies.
Key points
Mandatory CO2 Removal: The Department of Energy must remove 50,000 metric tons of CO2 in 2024-2025, escalating to 10 million metric tons annually from 2035 onwards, marking a major climate policy commitment.
Cost Caps and Innovation: The Act sets maximum prices for CO2 removal per metric ton (from $750 in 2024 to $150 by 2035), designed to drive down costs and accelerate the commercialization of cheaper, more efficient technologies.
Community and Job Focus: Priority is given to projects that create domestic jobs, partner with labor organizations and small businesses, and provide measurable environmental benefits to environmental justice communities.
Transparency and Verification: Strict standards for monitoring, reporting, and verification are established to ensure that carbon removal is permanent, scientifically rigorous, and not double-counted.
Expired
Citizen Poll