Carbon Capture, Utilization and Storage (CCUS) technologies involve the capture of carbon dioxide (CO₂) from fuel combustion or industrial processes, the transport of this CO₂ via ship or pipeline, and either its use as a resource to create valuable products or services or its permanent storage underground.
Authorizes Department of Environmental Protection to compose report on economic opportunities available to the state due to need for alternative energy, including “carbon sequestration technologies.”
The Municipal Electric Utility Carbon Emission Reduction Act requires that a certain portion of electricity supplied by municipal utilities be renewably sourced, with an allowed reduction for fossil-fuel generation that captures and sequesters CO2.
Requires that a certain portion of electricity supplied by utilities be low or no-emission electricity to the extent it is cost effective, including via carbon capture and storage.
Requires fossil-fueled thermal electric generating facilities of 25-350 MW capacity to implement CO2 mitigation program, including through geologic or non-geologic sequestration.
Implements carbon dioxide mitigation program for thermal electric generating facilities of greater than 350 MW capacity, and allows mitigation through geological carbon sequestration.
Requires permits for geologic CO2 sequestration and creates special revenue account for deposit of permitting fees and directs the Department of Environmental Quality to develop rules for operational standards, monitoring, and maintenance of wells.