Minnesota 2023-2024 Regular Session

Minnesota Senate Bill SF298

Introduced
1/17/23  

Caption

Carbon capture and sequestration technologies state policy supporting deployment establishment

Impact

The implementation of SF298 would positively impact state laws by providing a clear directive and policy support for carbon capture and sequestration initiatives. This may lead to increased investments in clean energy technologies and enhance the state's capabilities in managing and reducing carbon emissions. Additionally, it would likely encourage collaboration among private sector stakeholders, researchers, and state agencies focused on sustainable energy practices. Integrating such technologies could help Minnesota meet its environmental targets and fulfill commitments to combating climate change, potentially influencing energy markets and job creation within the green technology sector.

Summary

SF298 is a legislative act introduced in Minnesota aimed at establishing a state policy to support the development and deployment of carbon capture and sequestration technologies. The bill emphasizes the importance of these technologies as a means to reduce greenhouse gas emissions and achieve the state's emission-reduction goals. It specifies that the state of Minnesota recognizes carbon capture and sequestration as a critical component of its energy strategy, aligning with broader environmental objectives. The bill seeks to create a structured framework for the advancement and integration of these technologies into Minnesota’s energy landscape, potentially setting a precedent for innovation and investment in clean energy solutions.

Contention

Despite its potential advantages, SF298 may face opposition due to concerns surrounding the effectiveness of carbon capture technologies and the economic implications of their implementation. Critics might argue that the bill could lead to increased regulatory burdens on businesses and taxpayers without tangible benefits in emission reductions. Furthermore, debates may arise regarding the allocation of state resources and funding, particularly if there are competing priorities for environmental protection and energy development. The bill's future will likely involve discussions balancing technological advancement with economic viability and environmental integrity.

Companion Bills

MN HF342

Similar To Carbon capture and sequestration technology state policy established.

Previously Filed As

MN HF342

Carbon capture and sequestration technology state policy established.

MN AB2944

Greenhouse gases: carbon capture, utilization, and sequestration.

MN SB905

Carbon sequestration: Carbon Capture, Removal, Utilization, and Storage Program.

MN SF0142

Carbon capture and sequestration.

MN SB1101

Carbon sequestration: Geologic Carbon Sequestration Group.

MN SF0064

Carbon capture and sequestration.

MN HB1796

Relating to the development of carbon dioxide capture and sequestration in this state.

MN AB2578

State Energy Resources Conservation and Development Commission: integrated energy policy report: carbon capture, utilization, and sequestration.

MN SR179

Establishes the Task Force on Local Impacts of Carbon Capture and Sequestration to study the benefits and revenue streams of carbon capture and sequestration projects.

MN SCR63

Establishes the Task Force on Local Impacts of Carbon Capture and Sequestration to study the benefits and revenue streams of carbon capture and sequestration projects.

Similar Bills

No similar bills found.