ecwood / GCAM-CDR-modeling

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DAC Policies #23

Open celinasb opened 1 year ago

celinasb commented 1 year ago

Passed:

(j) Regional Direct Air Capture Hubs.-- (1) Definitions.--In this subsection: (A) Eligible project.--The term `eligible project' means a direct air capture project or a component project of a regional direct air capture hub. (B) Regional direct air capture hub.--The term `regional direct air capture hub' means a network of direct air capture projects, potential carbon dioxide utilization off-takers, connective carbon dioxide transport infrastructure, subsurface resources, and sequestration infrastructure located within a region. (2) Establishment of program.-- (A) In general.--The Secretary shall establish a program under which the Secretary shall provide funding for eligible projects that contribute to the development of regional direct air capture hubs described in subparagraph (B). (B) Regional direct air capture hubs.--Each of the 4 regional direct air capture hubs developed under the program under subparagraph (A) shall be a regional direct air capture hub that-- (i) facilitates the deployment of direct air capture projects; (ii) has the capacity to capture and sequester, utilize, or sequester and utilize at least 1,000,000 metric tons of carbon dioxide from the atmosphere annually from a single unit or multiple interconnected units; (iii) demonstrates the capture, processing, delivery, and sequestration or end-use of captured carbon; and ``(iv) could be developed into a regional or interregional carbon network to facilitate sequestration or carbon utilization.

$31.77 in 2020. Increasing to $50 by 2026, then inflation-adjusted.