39741.6.
(a) The state board shall do all of the following:(1) Work with existing interagency working groups to include research on ocean carbon dioxide removal technology development and deployment in future scoping studies.
(2) Develop, by January 1, 2027, a plan to include ocean carbon dioxide removal technology and projects that it determines are environmentally safe and sustainable into the Carbon Capture, Removal, Utilization, and Storage Program established pursuant to Section 39741.1.
(3) Qualify ocean carbon dioxide removal projects that are environmentally safe and sustainable pursuant to paragraph (2) for inclusion in carbon credit programs, including, but not limited to, the Low Carbon Fuel Standard regulations (Subarticle 7 (commencing with Section 95480) of Title 17 of the California Code of Regulations) and the market-based compliance mechanism developed pursuant to Part 5 (commencing with Section 38570) of Division 25.5.
(4) Coordinate with other state agencies to develop a single point of contact to coordinate and streamline the permitting of ocean carbon dioxide removal projects.
(5) Cooperate with universities, companies, and others on workforce development, and coordinate with other state agencies with workforce training programs or business development programs to do the same to assist in the development of the skilled workforce needed to develop ocean carbon dioxide removal projects in California.
(b) The state board and any agency with a relevant financial incentive program, including, but not limited to, grants, tax credits, or other financial inducements, shall consider whether it is appropriate to make an ocean carbon dioxide removal project eligible for that financial incentive program, to the extent the ocean carbon dioxide removal project achieves similar or better climate and environmental policy goals.
(c) For purposes of this article, the following definitions apply:
(1) “Ocean carbon dioxide removal” means a process, technology, or system that occurs or takes place in the ocean or ocean water and extracts carbon dioxide directly from the atmosphere or from ocean water in a manner that leads to reduction of atmospheric carbon dioxide.
(2) “Ocean carbon dioxide removal project” means a project that seeks to provide for the reduction of atmospheric carbon dioxide using ocean carbon dioxide removal methods.