Bill > SB643

This bill establishes the Carbon Dioxide Removal Purchase Program, administered by the California Air Resources Board (CARB), to support and accelerate carbon dioxide removal (CDR) technologies as part of the state's strategy to achieve net-zero greenhouse gas emissions by 2045. The program will provide $50 million in competitive grants for eligible CDR projects between 2026 and 2035, focusing on projects that remove and permanently store carbon dioxide from the atmosphere through methods like direct air capture, biomass carbon removal and storage, enhanced mineralization, and marine carbon dioxide removal. The bill requires CARB to prioritize projects that can scale up CDR strategies, be completed by 2035, provide community benefits, and are located within California. Projects must meet strict guidelines, including third-party verification, a minimum 100-year storage requirement, and prohibition of enhanced oil recovery. The program aims to support the state's target of removing 7,000,000 metric tons of carbon dioxide by 2030 and 75,000,000 metric tons by 2045, while ensuring projects are additional, provide community benefits, and contribute to California's climate goals. CARB will conduct annual surveys and reports on CDR projects and their progress, with the implementation contingent upon legislative appropriation.

Agriculture and Natural Resources, Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB643