U.S. DOE Announces $1.2 Million To Accelerate America’s Carbon Dioxide Removal Industry

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1.2 Million to accelerate America's Carbon dioxide removal

This map shows mean net emissions and removals of carbon dioxide from 2015 to 2020 using estimates informed by NASA’s OCO-2 satellite measurements. Countries where more carbon dioxide was removed than emitted appear as green depressions, while countries with higher emissions are tan or red and appear to pop off the page. Credit: NASA’s Scientific Visualization Studio, https://svs.gsfc.nasa.gov/

“The Carbon Dioxide Removal Purchase Prize is a first-of-a-kind initiative to catalyze the market for high-quality CO2 removal credits, helping jumpstart a critical decarbonization tool,” said U.S. Secretary of Energy Jennifer M. Granholm.

The Commercial Direct Air Capture Prize, including the Carbon Dioxide Removal Purchase Pilot Prize and the upcoming Commercial Direct Air Capture Pilot Prize , anticipate offering up to $100 million in prizes and technical assistance across the two programs.

 

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