On May 21, FECM Chief of Staff Dr. Shuchi Talati gave opening remarks at a Global CCS Institute webinar. It was the final installment in a three-part series, The Carbon Capture and Storage 101 Webinars: CCS Policy for a Net-Zero Future, focused on carbon capture and storage (CCS) and the policies needed to deploy more carbon capture projects globally. Dr. Talati discussed the vital role that DOE plays to implement CCS and other carbon capture technologies in order to meet the Biden Administration’s goal of net-zero emissions by 2050.
“In the first months of the Administration, DOE has announced over $1 billion in new funding opportunities, grants and awards for projects with the potential to get the United States to a net-zero carbon future by 2050,” said Chief of Staff Talati. “More specifically, DOE has announced $109.5 million for carbon capture, critical mineral recovery and geothermal energy projects that directly support job creation in coal communities that are impacted by changes in the energy economy.”
CCS has gained global recognition as a necessary technology to help address climate change. Other speakers in the webinar addressed the way in which government policies can incentivize investment in CCS and help accelerate its deployment around the globe. Those speakers included Lee Beck, International Director of Carbon Capture with Clean Air Task Force; Jena Lococo, Policy Analyst with ClearPath; Shannon Heyck-Williams, Director of Climate and Energy Policy with National Wildlife Federation; and moderator Matt Bright with the Global CCS Institute.
FECM’s role in research, development and deployment of CCS will expand the benefits of the technology, while creating new clean energy jobs. “We want to focus on deployment and development of low-carbon products like concrete, steel, paper, fuel, nylon polyester and other important products,” said Dr. Talati. “The same technologies we use to capture emissions from coal-fired power plants can also be used to capture CO2 from natural gas and from industrial sectors, including from cement and steel production.”
Visit FECM’s website for more information.