Sec. 141. Carbon removal quantification
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Title V of the Energy Act of 2020 ( 42 U.S.C. 16298e et seq. ) is amended by adding at the end the following: The purposes of this section are— to quantify the net carbon removed through atmospheric and aquatic carbon removal pathways; to determine the current and projected carbon removal capacity of atmospheric and aquatic carbon removal pathways; to determine the current and likely future technical readiness of carbon removal technologies or approaches for large-scale carbon removal deployment; and to aid in the commercialization of carbon removal technologies or approaches.
In this section: The terms carbon removal and carbon removal technology or approach have the meanings given the terms in section 2 of the Carbon Removal and Emissions Storage Technologies Act of 2022 . The term eligible entity means any of the following entities: An institution of higher education. A National Laboratory. A Federal research agency. A State research agency. A nonprofit research organization. An industrial entity. A consortium of 2 or more entities described in subparagraphs
(A)through (F). The term Secretary means the Secretary of Energy. Not later than 1 year after the date of enactment of this section, the Secretary shall establish a program to carry out the purposes described in subsection (a), including by providing financial assistance to eligible entities to examine the technological, economic, and environmental impacts of carbon removal pathways and technologies. Activities eligible to receive financial assistance under this section include— assessments of technological or economic barriers to the widescale deployment of carbon removal pathways and technologies; and lifecycle assessments for carbon removal pathways and technologies, including gathering data in partnership with a direct air capture test center authorized under section 969D(f)(1) of the Energy Policy Act of 2005 ( 42 U.S.C. 16298d(f)(1) ). An eligible entity seeking financial assistance under this section shall submit to the Secretary an application that includes a description of— the applicable project; the software programs, consultants, and general methodologies to be used to conduct the assessment; the location of any applicable facility or project; expected feedstocks and other inputs; and the expected use of carbon removed. In selecting eligible entities to receive financial assistance under this section, the Secretary shall give priority to eligible entities that— make the assessment publicly available, with confidential business information redacted or removed; and have not previously received financial assistance under this section. . The table of contents for the Energy Act of 2020 ( Public Law 116–260 ; 134 Stat. 2419) is amended by inserting after the item relating to section 5002 the following: Sec. 5003. Quantifying the benefits of carbon removal. .
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- 134 Stat. 2419
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Sec. 141
Carbon removal quantification
Stat.134 Stat. 2419
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