View original ↗on US Federal Register
policy instrument
DOE Carbon Dioxide Removal Purchasing (CO2RP) Challenge
Jurisdiction countryUnited States
Instrument typeprocurement
Authoritygovernment
PathwaysDirect air capture, Surficial mineralization of alkaline solid feedstocks, Bioenergy with carbon capture and storage
Scopecarbon removal only
Statusproposed
DetailNotice of intent issued by the Department of Energy, Office of Fossil Energy and Carbon Management, to launch a voluntary CO2 Removal Purchasing (CO2RP) Challenge calling on other organizations to purchase small and growing quantities of high-quality, permanent CDR credits. Two-pronged: engages CDR credit buyers, and invites CDR suppliers not selected for or that did not apply to the DOE CDR Purch
Monetary noteThe CO2RP Challenge will operate in coordination with DOE's Carbon Dioxide Removal Purchase Pilot Prize, through which DOE states it will award up to $30,000,000 across ten prize winners that successfully deliver committed CDR credits; elsewhere the notice states the CDR Purchase Prize will award up to $35M of CDR credit purchases, with finalists receiving up to $3M upon delivery of verified CDR c
Stated statusproposed
Pathway scopespecific
Pathway noterelated CDR Purchase Prize covers 'direct air capture, enhanced CO2 mineralization, biomass carbon removal with storage (BiCRS), and other planned and managed carbon sinks with secure geological storage'
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