Coalition Celebrates One-Year Anniversary of Bipartisan Infrastructure Law and its Historic Carbon Management Provisions
November 16, 2022 | Blog
The Infrastructure Investment and Jobs Act, or Bipartisan Infrastructure Law (BIL) was signed into law by President Biden on November 15, 2021. It includes groundbreaking, widely supported, bipartisan provisions needed to deploy carbon management, industrial decarbonization technologies and associated infrastructure at the scale required to meet midcentury climate goals, foster domestic energy and industrial production, and protect and create skilled jobs in local communities that consistently pay family-sustaining wages.
Reflecting on yesterday’s one-year anniversary of the BIL, the Carbon Capture Coalition is taking stock of the implementation of this mammoth legislation and specifically, the provisions aimed at demonstrating and deploying carbon management technologies. The historic package contains $12.1 billion in federal funding over five-years for commercial deployment, large-scale demonstrations, and activities to enable the deployment of carbon capture, removal, transport, utilization, and storage technologies, of which over $7 billion has already been made available through Funding Opportunity Announcements at the Department of Energy.
The BIL provides a critical down payment on the investments required to scale carbon management technologies across industries to achieve net-zero carbon emissions, meet midcentury climate goals and to drive near-term jobs creation and economic activity. In tandem with the historic investments made in the Inflation Reduction Act of 2022, if properly implemented, the portfolio of complementary policies included in this package will deliver an estimated 13-fold scale-up of carbon management capacity and 210-250 million metric tons in annual emissions reductions by 2035. Ensuring that these critical investments in carbon management are implemented by the administration in a timely and efficient manner is crucial to ensuring that carbon management technologies can fulfill their full emissions reduction potential.
The Coalition has prepared a Roadmap outlining the carbon management programs funded through the BIL and a timeline of their implementation to-date, which you can view here.
Convened by the Great Plains Institute, 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, utilization, and storage from industrial facilities, power plants, and ambient air.