Sec. 101. Partnerships for carbon capture and sequestration
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Not later than 1 year after the date of enactment of this Act, the Secretary of Energy (referred to in this Act as the Secretary ) shall establish a cooperative industry-government research and development program, in addition to and in cooperation with the carbon capture and sequestration research and development program of the Office of Fossil Energy, to demonstrate novel and innovative technologies— to capture or prevent carbon dioxide emissions from carbon-based fuels; to enable the beneficial use of carbon dioxide; or to enable the long-term storage of carbon dioxide.
The program— shall include the participation of the National Energy Technology Laboratory; and may include the participation of other National Laboratories, institutions of higher education, and other appropriate entities. For purposes of developing and demonstrating the technologies or approaches referred to in subsection (a)(1)— the Secretary shall provide at least 80 percent of the cost of the development projects; and the industry participant shall provide not more than 20 percent of the cost of the development projects.
There are authorized to be appropriated to the Secretary to carry out this section— $110,000,000 for each of fiscal years 2015 through 2019; $60,000,000 for each of fiscal years 2020 through 2024; and $30,000,000 for each of fiscal years 2025 through 2029.