ABSTRACT

Recovery Act Funding for DOE Carbon Capture and Sequestration (CCS) Projects [February 18, 2016]   [open pdf - 832KB]

"Federal policymakers have long been interested in the potential of carbon capture and sequestration (CCS) as a mitigation strategy for lowering global emissions of carbon dioxide (CO2). Congress has appropriated more than $7 billion since FY2008 to CCS activities at the U.S. Department of Energy (DOE). The Obama Administration has promulgated rules on CO2 emissions from fossil fuel-burning power plants and entered into a global agreement to limit CO2 emissions. Congress remains divided over those executive branch decisions. DOE, however, has continued to embrace CCS as part of the Administration's strategy to reduce CO2 emissions from power plants. Several bills introduced in the 114th Congress address CCS directly or indirectly (e.g., S. 601, S. 1283, H.R. 3392, and others). The American Recovery and Reinvestment Act (Recovery Act; P.L. 111-5) provided $3.4 billion for CCS projects and activities at DOE. The large infusion of funding was intended to help develop technologies that would allow for commercial-scale demonstration of CCS in both new and retrofitted power plants and industrial facilities by 2020. Nine individual projects garnered approximately $2.65 billion of the $3.4 billion--about 78%. Each of the nine projects was awarded more than $100 million, and these projects illustrate that DOE prioritized large-scale demonstration projects with Recovery Act funding. The lion's share of funding went to DOE's flagship CCS project FutureGen, which was awarded nearly $1 billion from the Recovery Act."

Report Number:
CRS Report for Congress, R44387
Author:
Publisher:
Date:
2016-02-18
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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