DOE Announces More Than $1 Billion in Funds to Deploy Regional Direct Air Capture Hubs
December 13, 2022 | News
The following statement may be attributed to Jessie Stolark, Public Policy & Member Relations Manager for the Carbon Capture Coalition:
“Today, the Department of Energy (DOE) announced more than $1 billion in funding of $3.5 billion made available by the Bipartisan Infrastructure Law to enable the development of four regional direct air capture (DAC) hubs. With today’s announcement, DOE has now made available nearly $9 billion of the more than $12 billion authorized by the Bipartisan Infrastructure Law for the deployment and scaling of carbon management technologies, which includes carbon capture, removal, transport, utilization, and storage.
“Today’s funding announcement will embolden existing efforts to scale direct air capture technologies that capture carbon dioxide (CO2) from the atmosphere and transport to points of secure geologic storage or for conversion to useful, commercial products. DAC is a nascent, but central tool to remove CO2 directly from the atmosphere to achieve net-negative emissions.
“The bipartisan DAC Hubs program is the single largest federal investment in direct air capture in our history; a crucial tool in offsetting emissions from heavy industry, aviation and other sectors that have few zero-emissions alternatives as well as removing legacy CO2 emissions from the atmosphere. These DAC Hubs will form an important backbone in a commercial-scale carbon management industry; one that is capturing and managing carbon and other emissions from industry, power and directly removing CO2 from the atmosphere and transporting CO2 for appropriate storage or conversion.
“The climate math is increasingly stark – we cannot reach net-zero emissions and midcentury climate goals without carbon dioxide removal, which direct air capture is one important technology within the broader field. The formation of these hubs will further solidify the US as a global leader in the energy sector and undoubtedly secure our place as an early leader in developing and deploying direct air capture technologies.
“The members of the Carbon Capture Coalition, who worked in a bipartisan manner to advocate for the inclusion of the Direct Air Capture Hubs program and other high priority carbon management policies in the broader Bipartisan Infrastructure Law, look forward to continuing to work with the administration to ensure that this central program is properly implemented and results in tangible tons of CO2 removed from the atmosphere while providing economic and environmental benefits to affected communities.”
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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.