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policy instrument
House Bill 50
Jurisdiction countryUnited States
Jurisdiction subnationalAlaska
Instrument typepermitting-regulatory
Authoritygovernment
Scopecarbon removal only
Statuslegislated
DetailSets up regulatory and commercial framework for carbon storage in underground pore space, primarily in Cook Inlet region. Establishes process for carbon-storage leases and regulation of pore space. Fiscal terms include prohibition on companies using carbon sequestration costs to offset state oil and gas production taxes. Requires long-term monitoring of carbon storage facilities. Also incorporates
Monetary note50% of revenue from carbon-storage leasing directed to Alaska Permanent Fund; reserve-based lending authorized through Alaska Industrial Development and Export Authority for Cook Inlet projects
Stated statuslegislated
Pathway scopeunclear
Pathway noteestablishes storage/pore-space leasing framework without specifying which capture or removal technology feeds the injected CO2
Stated jurisdictionUnited States - Alaska
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