“Cutting back on our carbon emissions alone won’t reverse the growing impacts of climate change; we also need to remove the CO2 that we’ve already put in the atmosphere—which nearly every climate model makes clear is essential to achieving a net-zero global economy by 2050,” Sec. Granholm said.
The following is a press release from the Department of Energy:
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced up to $1.2 billion to advance the development of two commercial-scale direct air capture facilities in Texas and Louisiana.
These projects—the first of this scale in the United States—represent the initial selections from the President’s Bipartisan Infrastructure Law-funded Regional Direct Air Capture (DAC) Hubs program, which aims to kickstart a nationwide network of large-scale carbon removal sites to address legacy carbon dioxide pollution and complement rapid emissions reductions. These emissions are already in the atmosphere, fueling climate change and extreme weather and jeopardizing public health and ecosystems across the globe. The Hubs are expected to ensure meaningful community and labor engagement and contribute to the President’s Justice40 Initiative.
Together, these projects are expected to remove more than 2 million metric tons of carbon dioxide (CO2) emissions each year from the atmosphere—an amount equivalent to the annual emissions from roughly 445,000 gasoline-powered cars—and create 4,800 good-paying jobs in Texas and Louisiana.
Today’s announcement will be the world’s largest investment in engineered carbon removal in history and each Hub will eventually remove more than 250 times more carbon dioxide than the largest DAC facility currently operating.
Their development will help inform future public and private sector investments and jumpstart a new industry critical to addressing the climate crisis on a global scale—highlighting how Bidenomics is driving a manufacturing boom that is delivering new economic opportunities, positioning America to be a global leader in the industries of the future, and accelerating efforts to meet the President’s goal of a net-zero economy by 2050.
Cutting back on our carbon emissions alone won’t reverse the growing impacts of climate change; we also need to remove the CO2 that we’ve already put in the atmosphere—which nearly every climate model makes clear is essential to achieving a net-zero global economy by 2050,
With this once-in-a-generation investment made possible by President Biden’s Investing in America agenda, DOE is laying the foundation for a direct air capture industry crucial to tackling climate change—transforming local economies and delivering healthier communities along the way.
U.S. Secretary of Energy Jennifer M. Granholm, said
DAC is a process that separates CO2 from the air, helping to reduce legacy CO2 in the atmosphere. The separated CO2 can then be safely and permanently stored deep underground or converted into useful carbon-containing products like concrete that prevent its release back into the atmosphere. Widespread deployment of DAC and other innovative technologies that capture emissions are key to combatting the climate crisis and reinforcing America’s global competitiveness in the zero-carbon economy of the future.
DOE estimates that reaching President Biden’s ambitious plan for a net-zero emissions economy will require that between 400 million and 1.8 billion metric tons of CO2 be removed from the atmosphere and captured from emissions sources annually by 2050. The two DAC Hubs selected for award negotiations today will help further demonstrate the ability to capture and store atmospheric CO2 at scale…
READ FULL ARTICLE HERE… – winepressnews.com
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