Carbon Capture Coalition Statement on DOE Funding Announcement for Carbon Capture Demonstration Projects 

The following statement may be attributed to Jessie Stolark, Executive Director of the Carbon Capture Coalition:  

“The $890 million in funding announced by the U.S. Department of Energy (DOE) yesterday for three projects to demonstrate climate-essential, carbon capture and storage technologies is welcome news. These geographically diverse projects will demonstrate best-in-class methods to capture carbon at various power generation settings, including natural gas combined-cycle plants and coal-fired power plants, providing further insight into the continued development and deployment of carbon capture at this critical juncture of climate mitigation.  

“Carbon management technologies have continually been identified by leading climate experts, including both the Intergovernmental Panel on Climate Change and the International Energy Agency, as critical tools needed to achieve the emissions reductions necessary to meet midcentury climate targets. Carbon capture technologies, including capturing emissions from power generation and heavy industry, including cement, steel, and chemicals, are part of a broader carbon management strategy that can contribute to the direct reduction of emissions from key sectors. We look forward to the learnings we gain from these DOE-funded projects in the power sector and how those findings can be applied to future projects.  

“As we witnessed earlier this month as world leaders at COP28 considered the role of various climate mitigation and emissions reduction strategies in the global race to net zero emissions, it is essential to remember that carbon management technologies, while not a silver bullet, must play an important part in the broader solution. However, like other climate mitigation strategies, sustained legislative and regulatory support will be necessary to ensure their ultimate success.  

“The Bipartisan Infrastructure Law and Inflation Reduction Act were foundational and provided these technologies with the most forward-looking federal policy support worldwide. In fact, since the 2018 restructuring of the 45Q tax credit and the subsequent enhancements made to the program in 2022, an astounding 180 projects have been announced at various stages of development, further signaling that increased policy support will translate into real-world projects and tangible emissions reductions.  

“The COP28 meeting, coupled with the studies and various announcements made over the past month, have made clear, yet again, that to meet the urgency of the moment, we must deploy every tool at our disposal. We must move forward aggressively and with every solution we have available to tackle the growing threat the changing climate poses. While no technology will alleviate climate change’s impacts alone, carbon management is among a suite of solutions that must be scaled quickly at this critical juncture to ensure we can meet our midcentury climate goals. Today’s funding announcement marks another step in the essential deployment at the scale and pace necessary to meet the ambitious timeline. We look forward to DOE making available additional funds for carbon management and essential emissions mitigation and reduction technologies under the Bipartisan Infrastructure Law in the months ahead, which serve as key levers to addressing this global challenge.”  

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The Carbon Capture Coalition is a nonpartisan collaboration of more than 100 companies, unions, conservation and environmental policy organizations, building federal policy support to enable economywide, commercial scale deployment of carbon management technologies. This includes carbon capture, removal, transport, reuse, and storage from industrial facilities, power plants, and ambient air. Members of the Coalition work together to advocate for the full portfolio of policies required to commercialize a domestic carbon management sector and inform policymakers as well as stakeholders on the essential role this suite of technologies must play in achieving these shared objectives.