Legislative Materials
Congressional Enactments of Note:
- 2009 Stimulus Package (ARRA)
- $3.4 billion for clean coal, including
- $1 billion for fossil R&D
- $800 million for CCPI Round III
- $1.52 billion for industrial scale CCS projects and energy efficiency projects
- $50 million for site characterization of geologic formations
- Advanced Energy Investment Tax Credit - 30% credit for manufacture of clean energy equipment, including CCS equipment
- 2008 Stimulus Package
- 10% tax credit for sequestering CO2 for EOR
- 20% tax credit for sequestering CO2 for permanent storage (non-EOR)
- CCS in EISA of 2007
- Authorized $1.2 billion (2008-2012) for field testing 7 large (greater than 1 megaton/year) CCS projects
- Authorized $1 billion for projects demonstrating a variety of CCS technologies (purification, injection, transport, compression, measurement, monitoring, etc.) from 2009-2013
- DOI required to produce framework for CCS on public lands within 1 year
- DOI/USGS to prepare national assessment of CO2 sequestration capacity within 1 year
- Authorized EPA research to address public health, safety and environmental impacts of CCS in geologic reservoirs
- Subjects all CCS activities authorized in the bill to the requirements of the Safe Drinking Water Act
- CCS in EPACT 2005
- $90 million over 3 years for CCS research/activities