Carbon Sequestration Collaboration Act
This bill modifies the Energy Policy Act of 2005 to revise and expand the Department of Energy's program to research, develop, demonstrate, and commercialize carbon storage. Specifically, it directs the program to include terrestrial carbon sequestration (i.e., the storage of carbon in plants and biomass) and carbon sequestration in geologic formations (e.g., carbon sequestration in basins or aquifers).
The Department of Energy (DOE) must also annually submit a long-term strategic and prioritized research plan that identifies and addresses scientific challenges for widespread adoption of terrestrial carbon sequestration and carbon sequestration in geological formations. DOE must submit the first research plan within two years of this bill's enactment.
The bill amends section 963 of the Energy Policy Act of 2005 to define carbon sequestration in geologic formations and terrestrial carbon sequestration.
The bill requires coordination with relevant federal agencies to carry out carbon sequestration research initiatives.
The bill aims to enhance scientific understanding, identify barriers, standardize data, and coordinate research efforts regarding carbon sequestration in geologic formations and terrestrial carbon sequestration.