DOE Announces $35 Million to Accelerate Carbon Dioxide Removal
energy.gov, September 29, 2023
“The U.S Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $35 million, made available through President Biden’s Investing in America agenda, to advance technologies that reduce emissions from hard-to-abate sectors such as aviation and shipping and legacy carbon dioxide (CO2) pollution by removing it directly from the atmosphere. Carbon dioxide removal is a key component for achieving the Biden-Harris Administration’s historic climate and clean energy agenda. The Carbon Dioxide Removal (CDR) Purchase Pilot Prize will enable companies to compete for the opportunity to sell carbon dioxide removal credits directly to DOE. This will help build standards for successful carbon dioxide removal programs and create a market to encourage technology innovation and the growth of the industry.”