Utilizing Significant Emissions with Innovative Technologies Act
To support carbon dioxide utilization and direct air capture research, to facilitate the permitting and development of carbon capture, utilization, and sequestration projects and carbon dioxide pipelines, and for other purposes.
Summary of Selected Provisions
- Directs the Environmental Protection Agency to offer financial awards for direct air capture technology projects that are designed to collect at least 10,000 tons of carbon dioxide per year at a price of less than $200 per ton. Recommends $25 million be appropriated for the program.
- Creates a Direct Air Capture Technology Advisory Board with expertise in climate science, physics, chemistry, biology, engineering, economics, and business management.
- Directs EPA to create a carbon dioxide utilization R&D program that supports “existing and new technologies that transform carbon dioxide generated by industrial processes into a product of commercial value, or as an input to products of commercial value.” Recommends $50 million be appropriated for the program.
- Directs the Council on Environmental Quality to develop guidance to simplify the environmental review and permitting process for infrastructure that captures, utilizes, or sequesters carbon dioxide.
Co-sponsors by Party
12/19/2018Introduced in House