California SB643 establishes a Carbon Dioxide Removal Purchase Program to fund carbon dioxide removal projects.

California SB643 creates the Carbon Dioxide Removal Purchase Program, a competitive grant process for eligible carbon dioxide removal projects. The program aims to achieve the state's climate goals by supporting projects that provide economic, community, and environmental benefits. The State Air Resources Board will administer the program, funding projects in categories such as direct air capture and biomass carbon removal. The board will adopt guidelines, including definitions for eligible projects and community benefit mechanisms.

California SB643 establishes a Carbon Dioxide Removal Purchase Program to fund carbon dioxide removal projects.

California SB643 creates the Carbon Dioxide Removal Purchase Program, a competitive grant process for eligible carbon dioxide removal projects. The program aims to achieve the state's climate goals by supporting projects that provide economic, community, and environmental benefits. The State Air Resources Board will administer the program, funding projects in categories such as direct air capture and biomass carbon removal. The board will adopt guidelines, including definitions for eligible projects and community benefit mechanisms.