Carbon Dioxide Removal Leadership Act of 2024

The Carbon Dioxide Removal Leadership Act of 2024 requires the U.S. government to remove increasing annual amounts of carbon dioxide from the atmosphere, starting at 50,000 metric tons for 2024-2025 and scaling to 10 million metric tons per year by 2035. The Secretary of Energy must contract with private entities to achieve these removals at specified price limits (from $750 to $150 per metric ton), while ensuring strict monitoring, reporting, and verification of results. The bill prioritizes projects that support job creation, environmental justice, and innovative carbon removal technologies, and mandates biennial reports to Congress on progress, costs, and impacts. This federal program directly affects the Department of Energy and private contractors through binding removal targets and financial mechanisms.