Amended with the Inflation Reduction Act in 2022 to raise levels, improve access, extend remit and lengthen duration.
• $85/tonne for permanent storage
• $60/tonne for EOR or other industrial uses, if emissions reductions can be clearly demonstrated
• $180/tonne for direct air capture with permanent storage; 130/tonne for direct air capture with utilization
• Projects have until 2033 to begin construction and the subsidies last 12 years.
