Federal Carbon Dioxide Removal Leadership Act of 2022

The Federal Carbon Dioxide Removal Leadership Act of 2022 directs the Department of Energy to establish a program for purchasing and permanently storing carbon dioxide using innovative removal technologies. The bill sets increasing annual targets for carbon removal, starting with relatively small amounts and scaling up to 10 million metric tons per year by 2035.

For citizens, this legislation aims to stimulate a new sector of the economy by providing a guaranteed federal market for companies that can successfully capture greenhouse gases from the atmosphere. By prioritizing domestic projects and high-wage labor standards, the bill seeks to create jobs in the clean energy industry while reducing the overall concentration of carbon dioxide in the air.