(a) The commission shall establish and administer the Carbon Removal Innovation Program to provide financial incentives for eligible projects that advance technologies for direct air capture of atmospheric carbon.

(b) Eligible projects shall include, but not be limited to, technology research, development and demonstrations, and prototype and pilot research test centers to remove atmospheric carbon. Eligible projects shall not include a project to benefit a petroleum or gas production, processing, or refining facility, through enhanced oil or gas recovery.

(Added by Stats. 2022, Ch. 251, Sec. 13. (AB 209) Effective September 6, 2022.)