Federal CO2 Removal Mandate: Driving Down Costs for Cleaner Air.
This law requires the Department of Energy to remove millions of metric tons of carbon dioxide directly from the air and seawater to combat climate change. The government will purchase these removal services from private companies, stimulating the development of new technologies and creating jobs, particularly in regions historically reliant on fossil fuels. It establishes a long-term investment plan with increasing removal targets and decreasing price caps to ensure technology becomes cheaper.
Key points
The US government must remove 10 million metric tons of CO2 annually starting in 2035 using innovative direct capture technologies.
Maximum purchase prices for CO2 removal services are set and will decrease over time (from $750 to $150 per ton), forcing technological cost reduction.
The program prioritizes job creation and economic diversification in areas previously dependent on fossil fuel industries.
Projects must adhere to strict monitoring standards and provide benefits to environmental justice communities.
Expired
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