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ecwood / GCAM-CDR-modeling

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Implement a GCAM Scenario for H.R. 3684 #26

Open ecwood opened 2 years ago

ecwood commented 2 years ago

Spun off of #23

ecwood commented 2 years ago

The key points appear to be:

The Secretary shall establish a program under which the Secretary shall provide funding for eligible projects that contribute to the development of 4 regional direct air capture hubs ... [which have] 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

To the maximum extent practicable, eligible projects shall contribute to the development of at least 2 regional direct air capture hubs located in economically distressed communities in the regions of the United States with high levels of coal, oil, natural gas resources.

There is authorized to be appropriated to the Secretary to carry out this subsection $3,500,000,000 for the period of fiscal years 2022 through 2026, to remain available until expended.