Carbon Dioxide Removal Research and Development Act of 2023

The Carbon Dioxide Removal Research and Development Act of 2023 establishes a federal program to research and develop carbon dioxide removal technologies across multiple departments. It creates an Office of Fossil Energy and Carbon Management within the Department of Energy to coordinate research and authorizes over $10 billion in funding through 2033 for projects including direct air capture, forest restoration, soil carbon management, and ocean-based removal techniques. The bill requires lifecycle analyses and environmental justice assessments for all technologies and establishes competitive demonstration projects with specific cost requirements. Federal agencies must prioritize carbon removal research in their programs, directing billions of dollars toward advancing these technologies to reduce atmospheric carbon dioxide levels.