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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/5\/19\/23131286\/energy-department-3-5-billion-carbon-removal-hubs<\/a> The Department of Energy (DOE) just launched<\/a> a new $3.5 billion program to take carbon dioxide out of the atmosphere and store it away. The program focuses on developing four \u201chubs\u201d across the country focused on direct air capture, the technology that draws CO2 out of the air. <\/p>\n Each of the hubs is ultimately supposed to be able to capture and store at least a million metric tons of CO2. That\u2019s a massive endeavor<\/a>. Currently, all the direct air capture facilities in the world only have the capacity to capture about 0.01 million metric tons<\/a> of CO2. <\/p>\n Today, the DOE filed a Notice of Intent<\/a> \u2014 a kind of official \u201cheads-up\u201d \u2014 that says that they\u2019ll be making a funding announcement related to those hubs \u201cin the fourth quarter of Fiscal Year 2022.\u201d At that point, companies can apply for funds to develop projects that will \u201ccontribute to the development\u201d of those hubs. <\/strong>The funding comes from the Bipartisan Infrastructure Law passed last year and is supposed to be deployed between 2022 and 2026. The Biden administration is billing this effort as part of its plan<\/a> to reduce the United States\u2019 greenhouse gas emissions by at least 50 percent this decade compared to 2005 pollution levels.<\/p>\n
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