The money will fund four major umbrella programs that include a variety of projects to capture CO2 from the air and factories and then store it, the Department of Energy said in a statement
This undated handout image shows the carbon sequesterization unit at American Electric Power Company's Mountaineer Plant near New Haven, West Virginia. A looming government clampdown on CO2 emissions is about to confront an already embattled U.S. coal power industry with two stark options: capture carbon or die. Legislation from Congress or tough new regulatory demands could make it costly to spew greenhouse gases, posing a serious threat to the nation's coal-fired power plants. (Credits: REUTERS/Tom Dubanowich/Handout)
New York, United States: The United States on Thursday unveiled a $3.5-billion plan for projects to capture carbon dioxide directly from the air, a recent technology seen as a possible solution to climate change.
The money will fund four major umbrella programs that include a variety of projects to capture CO2 from the air and factories and then store it, the Department of Energy said in a statement.
The funding is part of the $1.2-trillion infrastructure plan US President Joe Biden signed into law in 2021.
In its latest baseline report, the United Nations said the world will need to capture and store CO2 from the air and oceans regardless of the rate at which countries succeed at reducing their greenhouse gas emissions.