The Carbon Curve Carbon removal policy wins in the Inflation Reduction Act and beyond
In Episode 7 of The Carbon Curve, Na’im speaks to Dr. Meron Tesfaye and Dr. Danny Broberg from the Bipartisan Policy Center.
This week, President Biden signed the Inflation Reduction Act, which has been called the most consequential climate bill in history. Among other things, it makes a $369 billion investment in reducing carbon emissions and lowering energy costs, putting America closer to reaching the climate goals set by the current administration.
It also has provisions that affect the carbon removal sector directly - expanding much-needed incentives that will grow the CDR industry, and position the US as a leader in this rapidly growing field.
In my view, well-designed and well-executed policies can have the single greatest impact on scaling up CDR. So I wanted to speak to policy experts Dr. Meron Tesfaye and Dr. Danny Broberg at the Bipartisan Policy Center - a think tank based here in Washington, DC working on carbon removal policies - about the specific carbon removal investments in the Inflation Reduction Act, as well as supportive policies that have been recently passed, and new proposals we should be watching for on the near horizon.
In this episode, Na’im, Meron, and Danny discussed:
* Carbon removal in The Inflation Reduction Act
* The CHIPS Act’s funding for carbon removal research, development, and deployment
* Government procurement of carbon removal proposed in the Federal Carbon Dioxide Removal Leadership Act (CDRLA) and the Carbon Removal and Emissions Storage Technologies (CREST) Act
* The DAC Hubs Program as part of the Bipartisan Infrastructure Law
* The Growing Climate Solutions Act, REMOVE Act, and SCALE Act
* Policy priorities for carbon removal going forward
Relevant links:
* Bipartisan Policy Center website
* Summary of Energy and Climate Provisions in the Inflation Reduction Act (BPC)
* Farm and Forest Carbon Solutions Task Force at BPC
* Direct Air Capture Advisory Council at BPC
* Promoting Early Markets for Carbon Dioxide Removal Through Federal Procurement by Natalie Tham, Danny Broberg, and Xan Fishman
Dr. Meron Tesfaye is a senior policy analyst for BPC’s Energy Program. Meron has a Ph.D. in clean energy & hydrogen research and combines that state and federal-policy experience. Prior to BPC, she was a Senior Policy Fellow at Carbon180 and a Science Fellow in the California Senate Budget office. As a scientist turned policy enthusiast, Meron works on issues such as biomass-based carbon removal, hydrogen, and industrial decarbonization.
Dr. Danny Broberg received his Ph.D. in Materials Science at UC Berkeley, where he researched next-generation solar and battery materials. After finishing his Ph.D., he went to Capitol Hill where he was a legislative fellow for Senator Chris Coons (D-DE). While there he helped craft and drive forward bipartisan policies relating to carbon management and clean energy commercialization. After a year and a half on the hill, he joined the Bipartisan Policy Center where he focuses primarily on carbon management policies, with a focus on technological solutions and critical mineral supply chains. He runs the BPC’s DAC Advisory Council, which includes companies like Carbon Engineering, Climeworks, Global Thermostat, and Air Liquide, as well as former members of Congress like Rep. Carlos Curbelo (R-FL), John Delaney (D-MD, former presidential candidate), and Byron Dorgan (D-ND).
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Na’im Merchant is an advisor and thought partner to start-ups, policy groups, and research organizations on scaling up climate technologies to meet the monumental challenge of removing billions of tons of CO2 from the atmosphere to combat climate change. Every two weeks, Na’im will release a short interview with individuals advancing bold new ideas and taking a collective action approach to scaling up carbon removal.
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