A bill to establish a Carbon Capture and Sequestration Deployment Acceleration Fund to promote the establishment of not fewer than 10 commercial-scale carbon capture and sequestration units in the United States during the next 10 years, and for other purposes.
Ten in Ten Act - Establishes in the Treasury a Carbon Capture and Sequestration Deployment Acceleration Fund to be administered by the Department of Energy for promoting the establishment of at least 10 commercial-scale carbon capture and sequestration units in the next 10 years. (Carbon capture and sequestration is a three-step process: the capture, transport, and underground injection and geologic storage of carbon dioxide.)
Includes as eligible projects carbon capture and sequestration units that are designed for: (1) new, retrofitted, or upgraded coal-fired power plants; and (2) certain nonmodular power plants using integrated gasification combined cycle technology.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
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