Energy Department announces plans to fund carbon capture, storage projects

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The Department of Energy plans to fund research and development involving carbon capture and storage. | Unsplash/Juniper Photon

Energy Department announces plans to fund carbon capture, storage projects

The Department of Energy’s Office of Fossil Energy Carbon Management (FECM) has announced an intent to help fund research and development involving carbon capture and storage (CCS) and carbon dioxide removal (CDR).

According to a news release, the deployment of the CCS and CDR projects are key aspects to meet the Biden administration’s goal of having net-zero carbon emissions by 2050. The projects will fall under the Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, which looks at developing geological storage sites that can store more than 50 million metric tons of carbon dioxide.

“CDR technologies remove CO2 directly from the atmosphere, and CCS technologies reduce CO2 emissions from power plants and industrial facilities by capturing the CO2 they produce,” the release says. “That CO2 can then be transported to safe and permanent storage in deep geological reservoirs. Together, CCS and CDR have the potential to eliminate hundreds of millions of tons of CO2 per year.”

The release said CCS is necessary to decarbonize the energy and industrial sectors and that CDR technologies can address emissions from the hardest to decarbonize sectors like agriculture and aviation.

Senior policy analyst Danny Broberg of the Bipartisan Policy Center praised the move, saying it shows great leadership from the Department of Energy.

“And it begins.” Broberg tweeted. “DOE has announced intent to fund geologic carbon storage projects that will accelerate wide-scale deployment of carbon management infrastructure.”

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