DOE Announces More Than $2 Billion in Funding to Deploy New Carbon Management Programs funded by the Bipartisan Infrastructure Law
February 23, 2023 | News
The following statement may be attributed to Jessie Stolark, Executive Director of the Carbon Capture Coalition:
“Today, the Department of Energy (DOE) announced $2.52 billion in funding for two carbon management programs– the Carbon Capture Large-Scale Pilots and the Carbon Capture Demonstration Projects Program. This announcement is significant not just for the size of the investment, but for the impact it will have on further advancing the development and deployment of carbon management technologies in both heavy industry and power sectors. With these two announcements, the administration has now made available more than $10 billion for carbon management technologies under the Bipartisan Infrastructure Law, further demonstrating the continued bipartisan federal support for deploying carbon management technologies.
“Testing, demonstrating, and safely deploying new emissions reduction technologies in heavy industry sectors, such as steel, cement, and concrete as well as the power sector are not optional if we are to meet climate targets. We thank the administration for their making available these bipartisan investments and look forward to working with the DOE on continued implementation of these vital programs. Carbon management technologies have an essential role in meeting midcentury emissions reductions goals while ensuring the long-term viability of key domestic industries, safeguarding high-wage jobs that sustain families and regions and providing economic and environmental benefits from project deployment to affected communities.”
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.