This is an excerpt from an article first published at GreenBiz. The full report is available here: https://www.greenbiz.com/article/us-infrastructure-bill-lays-foundation-carbon-management-economy.
It’s not the law of the land yet, but one of the most potentially impactful aspects of the bipartisan infrastructure bill for climate techies is the groundwork it lays for new economic opportunities based on capturing and sequestering carbon emissions.
The support for the so-called carbon management economy takes many shapes within the bill, and is largely based on the SCALE Act reintroduced earlier this year by senators on both sides of the aisle. (SCALE stands for Storing CO2 and Lowering Emissions). Some of the biggest monetary data points include:
More than $8.5 billion in funding for industrial and direct air carbon capture technologies, including not just the equipment to suck up CO2 emissions but also transportation networ