Section 16298e - Carbon dioxide removal task force and report(a) Definition of carbon dioxide removalIn this section, the term "carbon dioxide removal" means the capture of carbon dioxide directly from ambient air or, in dissolved form, from seawater, combined with the sequestration of that carbon dioxide, including through-
(1) direct air capture and sequestration;(2) enhanced carbon mineralization;(3) bioenergy with carbon capture and sequestration;(5) soil carbon management; and(6) direct ocean capture.(b) ReportNot later than 180 days after December 27, 2020, the Secretary of Energy (in this section referred to as the "Secretary"), in consultation with the heads of any other relevant Federal agencies, shall prepare a report that-
(1) estimates the magnitude of excess carbon dioxide in the atmosphere that will need to be removed by 2050 to achieve net-zero emissions and stabilize the climate;(2) inventories current and emerging approaches of carbon dioxide removal and evaluates the advantages and disadvantages of each of the approaches; and(3) identifies recommendations for legislation, funding, rules, revisions to rules, financing mechanisms, or other policy tools that the Federal Government can use to sufficiently advance the deployment of carbon dioxide removal projects in order to meet, in the aggregate, the magnitude of needed removals estimated under paragraph (1), including policy tools, such as-(B) loans or loan guarantees;(C) public-private partnerships;(E) incentives, including subsidized Federal financing mechanisms available to project developers;(F) advance market commitments;(H) any other policy mechanism determined by the Secretary to be beneficial for advancing carbon dioxide removal methods and the deployment of carbon dioxide removal projects.(c) Submission; publicationThe Secretary shall-
(1) submit the report prepared under subsection (b) to the Committee on Energy and Natural Resources of the Senate and the Committees on Energy and Commerce and Science, Space, and Technology of the House of Representatives; and(2) as soon as practicable after completion of the report, make the report publicly available.(d) Evaluation; revision(1) In generalNot later than 2 years after the date on which the Secretary publishes the report under subsection (c)(2), and every 2 years thereafter, the Secretary shall evaluate the findings and recommendations of the report, or the most recent updated report submitted under paragraph (2)(B), as applicable, taking into consideration any issues and recommendations identified by the task force established under subsection (e)(1).
(2) RevisionAfter completing each evaluation under paragraph (1), the Secretary shall-
(A) revise the report as necessary; and(B) if the Secretary revises the report under subparagraph (A), submit and publish the updated report in accordance with subsection (c).(e) Task force(1) Establishment and dutiesNot later than 60 days after December 27, 2020, the Secretary shall establish a task force-
(A) to identify barriers to advancement of carbon dioxide removal methods and the deployment of carbon dioxide removal projects;(B) to inventory existing or potential Federal legislation, rules, revisions to rules, financing mechanisms, or other policy tools that are capable of advancing carbon dioxide removal methods and the deployment of carbon dioxide removal projects;(C) to assist in preparing the report described in subsection (b) and any updates to the report under subsection (d); and(D) to advise the Secretary on matters pertaining to carbon dioxide removal.(2) Members and selectionThe Secretary shall-
(A) develop criteria for the selection of members to the task force established under paragraph (1); and(B) select members for the task force in accordance with the criteria developed under subparagraph (A).(3) MeetingsThe task force shall meet not less frequently than once each year.
(4) EvaluationNot later than 7 years after December 27, 2020, the Secretary shall-
(A) reevaluate the need for the task force established under paragraph (1); and(B) submit to Congress a recommendation as to whether the task force should continue. Pub. L. 116-260, div. Z, title V, §50025002,, 134 Stat. 2550.EDITORIAL NOTES
CODIFICATIONSection was enacted as part of the Energy Act of 2020, and not as part of the Energy Policy Act of 2005 which comprises this chapter.
- Secretary
- The term "Secretary" means the Secretary of Housing and Urban Development.1See References in Text note below.
- project
- The terms "federally assisted housing" and "project" mean-(A) a public housing project (as such term is defined in section 3(b) of the United States Housing Act of 1937 [42 U.S.C. 1437a(b)] );(B) housing for which project-based assistance is provided under section 8 of the United States Housing Act of 1937 [42 U.S.C. 1437f] ;(C) housing that is assisted under section 1701q of title 12;(D) housing that is assisted under section 1701q of title 12, as such section existed before November 28, 1990;(E) housing financed by a loan or mortgage insured under section 1715l(d)(3) of title 12 that bears interest at a rate determined under the proviso of section 1715l(d)(5) of title 12;(F) housing insured, assisted, or held by the Secretary or a State or State agency under section 1715z-1 of title 12;(G) housing constructed or substantially rehabilitated pursuant to assistance provided under section 8(b)(2) of the United States Housing Act of 1937 [42 U.S.C. 1437f(b)(2)], as in effect before October 1, 1983, that is assisted under a contract for assistance under such section; and(H) housing that is assisted under section 80131 of this title.