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policy instrument
Carbon Dioxide Removal Research and Development Act of 2023
Jurisdiction countryUnited States
Instrument typegrant-rd
Authoritygovernment
Scopecarbon removal only
Statusproposed
DetailIntroduced by US Senator Brian Schatz (D-HI) and Rep. Paul Tonko (D-NY) on September 15, 2023. Intended to boost investment in research, development and deployment of different carbon dioxide removal solutions. Would support cross-agency research and development on CDR and facilitate competitive carbon removal demonstration projects.
Monetary note$12 billion investment over a decade; includes $2 billion program for competitive carbon removal demonstration projects
Stated statusproposed
Pathway scopeall-cdr
Pathway notesupports cross-agency R&D on 'different carbon dioxide removal solutions' without naming specific pathways
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