THE NET-ZERO BLOG
Climate policy analysis and updates from Sacramento
California’s carbon removal opportunity
SB 308 (Becker) would establish a world-first framework to deliver carbon dioxide removal at scale. In this blog post we highlight the key elements of the bill, how it could facilitate hundreds of millions of dollars in new federal clean energy investments and enable the state’s climate goals.
Call to Action on a Direct Air Capture Hub in California
California has identified the deployment of carbon dioxide removal, including direct air capture and biomass carbon removal, as necessary to achieving the state’s climate goals. To support these newer technologies, the federal Department of Energy is awarding four grants of up to $700 million each to establish Regional Direct Air Capture Hubs across the U.S. Without deliberate action California risks missing out on this key opportunity to establish a foundation and attract major private investment in support of its carbon removal goals.
Direct Air Capture Hubs: California projects successful in receiving DOE grants
Earlier today, the Department of Energy announced the recipients sharing in $1.2 billion in Direct Air Capture (DAC) Hub funding made available via the Infrastructure Investment and Jobs Act. In this blog post, we highlight the projects in California that were successful in receiving federal funding. We explore the state’s remaining challenge in attracting the remaining full-scale funding grants available.
The challenges of carbon capture and storage in California: Commercial frameworks
California has significant ambitions for carbon capture and storage, with a goal for this technology to make-up 25% of the state’s net-zero portfolio. However, there are currently no operating CCS projects in California. In a previous post, we highlighted how an immature regulatory framework is a key reason for this and identified opportunities to address this barrier. Here we examine a second key barrier, which is the lack of a commercial framework to attract the substantial and diverse CCS investments required to help fully decarbonize California’s economy in only 22-years.
The challenges of carbon capture and storage in California: Regulatory issues
The 2022 Scoping Plan identified the need for 100 million tons of carbon capture and storage (CCS) to achieve net-zero emissions by 2045. This is a significant share – equal to about 25% of the total solution. However, there are currently no operating CCS projects in the state. Can California reliably deploy this technology and infrastructure in the timeframe required by the Scoping Plan, and if so, how can we get from here to there? In this technical blog post – the first of a two-part series – we analyze the first main barrier: lack of a regulatory framework.
Final Scoping Plan identifies key role for carbon dioxide removal
Today, the California Air Resources Board released its proposed 2022 Final Scoping Plan, providing a roadmap for how the state can achieve net-zero emissions by 2045. The Plan identifies a key role for technological carbon dioxide removal, including direct air capture and bioenergy with carbon capture and storage.