117–169), which features a comprehensive package of clean energy and industrial tax credits, includes the most ambitious incentives in the world to date for the deployment of carbon management technologies. And the 2022 Inflation Reduction Act (IRA, Pub. When deployed responsibly, these approaches are complementary, and not a replacement for, parallel efforts to reduce emissions through the deployment of energy efficiency, renewables, nuclear power, clean hydrogen, etc.Īs part of the BIL, DOE will deploy approximately $12 billion in new carbon management funding over five years, largely for direct air capture and carbon capture, transport, use, and storage. To support the goal of building a clean and equitable energy economy, the BIL-funded projects are required to (1) support meaningful community and labor engagement (2) invest in America's workforce (3) advance diversity, equity, inclusion, and accessibility and (4) contribute to the President's goal that 40% of the overall benefits flow to disadvantaged communities.Ĭarbon management approaches such as carbon capture, transport, and storage and carbon dioxide removal are essential climate tools for meeting 1.5 ☌ targets. To invest in American manufacturing and workers expand access to energy efficiency and clean energy deliver reliable, clean, and affordable power to more Americans and demonstrate and deploy clean energy technologies. The BIL appropriates more than $62 billion to the U.S. competitiveness, drive the creation of good-paying jobs, tackle the impacts of climate change, and ensure strong access to economic, environmental, and other benefits for disadvantaged communities.
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The BIL provides historic levels of funding to modernize and upgrade American infrastructure to enhance U.S. 117–58), also known as the Bipartisan Infrastructure Law (BIL). signed the Infrastructure Investment and Jobs Act (IIJA, Pub. In November 2021, Congress passed and President Joseph R. Questions may be addressed to Stephanie 202–287–6832.Įnd Further Info End Preamble Start Supplemental Information SUPPLEMENTARY INFORMATION: Start Further Info FOR FURTHER INFORMATION CONTACT: Only electronic responses will be accepted. Responses must be provided as attachments to an email. Interested parties may submit comments electronically include “Responsible Carbon Management Initiative” in the subject line of the email. Written comments and information are requested by September 11, 2023. The Department also seeks input from all stakeholders through this RFI regarding the draft Principles for Responsible Carbon Management Projects and the Initiative. The Department of Energy (DOE), Office of Fossil Energy and Carbon Management (FECM) is issuing this NOI to notify interested parties of its intent to launch a “Responsible Carbon Management Initiative” to recognize and encourage project developers and others in industry to pursue the highest levels of safety, environmental stewardship, accountability, community engagement, and societal benefits in carbon management projects. Notice of intent (NOI) request for information (RFI). Office of Fossil Energy and Carbon Management, Department of Energy. Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of
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