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Sen. Dorgan CCS Amendment to Climate Change bill

Thursday, June 05, 2008

Senator Byron Dorgan (D-ND) filed an amendment to the Boxer substitute amendment, although not included in the "amendment tree" to the bill, to increase funding for clean coal carbon capture and storage R&D and early deployment. Below is a summary of the amendment released by his office, together with the amendment text, attached.

Senator Dorgan has filed an amendment to increase the amount of funding that is available for carbon capture and storage (CCS) research, development, demonstration and deployment in the Kick-Start Program (Title X, Subtitle A) by $20 Billion from 2009-2018. Without more robust investment in the technology pathway for coal in the near term, it will be impossible to continue to provide affordable energy to consumers and businesses alike with the passage of climate change cap and trade legislation in the long term. With the additional funding provided by this amendment, both the near term research and development needs and the complementary deployment initiatives that have been identified by several coal industry groups can be achieved. The amendment more than doubles funding to advance clean coal and carbon capture and storage. It adds $20 Billion to the original $17 Billion provided in the Boxer Substitute to fund the Coal Kick-Start Program. The funds are evenly split between R&D and early deployment projects. The Boxer Substitute did not provide for a R&D program, a serious oversight for a technology that is greatly in need of additional resources. The R&D section will carry out an R&D program consistent with fossil energy research programs authorized in the Energy Policy Act of 2005. The early deployment language remains consistent with the Boxer Substitute. The amendment also removes the 10 project limitation and instead leaves that number up to the Climate Change Technology Board to determine over the lifetime of the program.

The offset for this amendment is the CBO-projected surplus from the auction revenues over the first 10 years of the project. In the cost estimate released by CBO on June 2, 2008, the auctions performed in this bill will result in a surplus of $65.5 Billion in the first 10 years of the program. This amendment takes less than a third of the surplus and directs it to advanced coal R&D and deployment to rapidly advance these technologies to solve the puzzle of reducing greenhouse gas emissions.

    Related Documents
  1. Dorgan coal kickstart amend.pdf

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