Sec. 2. Carbon capture, utilization, and sequestration technologies
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Section 961(a) of the Energy Policy Act of 2005 ( 42 U.S.C. 16291(a) ) is amended by adding at the end the following: Improving the conversion, use, and storage of carbon dioxide produced from fossil fuels. . Section 962(b)(1) of the Energy Policy Act of 2005 ( 42 U.S.C. 16292(b)(1) ) is amended— by striking during each of calendar years 2008, 2010, 2012, and 2016, and during each fiscal year beginning after September 30, 2021, and inserting during each fiscal year beginning after September 30, 2017, ; by inserting allow for large scale demonstration and after technologies that would ; and by inserting commercial use, after use of coal for .
The Secretary of Energy (in this subsection referred to as the Secretary ) shall, in accordance with this subsection, annually conduct an evaluation, and make recommendations, with respect to each project conducted by the Secretary for research, development, demonstration, or deployment of carbon capture, utilization, and sequestration technologies (also known as carbon capture and storage and utilization technologies). For purposes of this subsection, a project includes any contract, lease, cooperative agreement, or other similar transaction with a public agency or private organization or person, entered into or performed, or any payment made, by the Secretary for research, development, demonstration, or deployment of carbon capture, utilization, and sequestration technologies.
In conducting an evaluation of a project under this subsection, the Secretary shall— examine if the project will allow a carbon capture, utilization, and sequestration technology to advance and achieve any specific goal of the project; and evaluate and determine if the project has made significant progress in advancing a carbon capture, utilization, and sequestration technology. For each evaluation of a project conducted under this subsection, if the Secretary determines that— significant progress in advancing a carbon capture, utilization, and sequestration technology has been made, the Secretary shall assess the funding of the project and make a recommendation as to whether increased funding is necessary to advance the project; or significant progress in advancing a carbon capture, utilization, and sequestration technology has not been made, the Secretary shall— assess the funding of the project and make a recommendation as to whether increased funding is necessary to advance the project; assess and determine if the project has reached its full potential; and make a recommendation as to whether the project should continue.
Not later than 2 years after the date of enactment of this Act, and every 2 years thereafter, the Secretary shall— issue a report on the evaluations conducted and recommendations made during the previous year pursuant to this subsection; and make each such report available on the Internet Web site of the Department of Energy. Not later than 2 years after the date of enactment of this Act, and every 3 years thereafter, the Secretary shall submit to the Subcommittee on Energy of the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report on— the evaluations conducted and recommendations made during the previous 3 years pursuant to this subsection; and the progress of the Department of Energy in advancing carbon capture, utilization, and sequestration technologies, including progress in achieving the Department of Energy’s goal of having an array of advanced carbon capture and sequestration technologies ready by 2020 for large-scale demonstration.
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