"Carbon management" is defined by the bill as any combination of carbon dioxide removal, carbon storage, carbon capture, and carbon utilization. The bill ensures that carbon management projects, except for agricultural, forestry, and enhanced oil recovery projects, are eligible for money under the industrial and manufacturing operations clean air grant program.
The bill also requires the Colorado energy office (office) and the office of economic development to contract with an organization for the development of a carbon management roadmap for the state. After receiving a draft of the roadmap, the office will solicit feedback on the roadmap and the contracted organization will use that feedback to update the roadmap. The office will present the updated roadmap to the relevant committees in the general assembly and then later update the general assembly on the implementation of the roadmap.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)