Carbon removal and storage is key to mitigating the impacts of climate change. Senators Susan Collins (R-Maine) and Maria Cantwell (D-Wash.) introduced the Carbon Removal and Emissions Storage Technologies (CREST) Act, with Senators King (I-ME), Cassidy (R-LA), and Coons (D-DE), boost the development and commercialization of carbon capture solutions.
CRES joined a group of likeminded stakeholders and industry leaders to endorse the CREST Act as a strong step toward reducing greenhouse gas emissions and strengthening America’s clean energy leadership:
“American companies are committed to reaching lower emissions goals, and American technology has to keep up,” said CRES President Heather Reams. “The Carbon Removal and Emissions Storage Technologies (CREST) Act, will accelerate innovation, increase access to durable, verifiable removal and storage solutions, and result in increased low-carbon manufacturing across the United States. CRES applauds Senators Susan Collins and Maria Cantwell for leading this legislation to give American industry leaders and manufacturers the tools they need to strengthen both our economy and our role as a global leader in emissions reduction.”
The CREST Act will:
- Build upon previously authorized carbon removal research and development programs, focusing on the areas of biomass carbon removal, geological carbon removal, aquatic carbon removal, atmospheric carbon removal, and carbon removal quantification
- Create a pilot carbon removal purchasing program that aims to find the cheapest pathways for removal solutions
- Build on the Energy Act of 2020, which authorized the first comprehensive federal carbon removal research and development program, and the Infrastructure Investment and Jobs Act, which invested $3.6 billion in direct air capture technology