; and (ii) set that price as the maximum price per ton to be paid under the reverse auction within each permanence tier. (B) Increased cap In the case of an eligible entity that uses a technology that has the potential to eventually remove carbon dioxide at an all-in cost of less than $100 per net ton carbon dioxide equivalent, the Secretary shall double the maximum price per net ton carbon dioxide equivalent established under subparagraph (A)(ii) with respect to the eligible entity. (5) Requirement In purchasing removed carbon dioxide under the program under paragraph (1), the Secretary shall determine that the carbon dioxide— (A) is additional; (B) shall be delivered not later than 5 years after the date of the purchase; (C) shall have a monitoring, reporting, and verification plan approved by the Department of Energy; and (D) has not less than a 99 percent likelihood of being stored for not fewer than 100 years. (d) Use of carbon dioxide Carbon dioxide purchased under the pilot program under subsection (c), at the discretion of the Secretary, may be used or stored in any manner that ensures that the carbon dioxide does not reenter the atmosphere or upper hydrosphere during the time period associated with the applicable permanence tier. (e) Pilot program coordination Amounts made available under this section may be made available to carry out pilot and demonstration projects described in section 969D(f)(2)(B) and section 969D(g). (f) Confidentiality The Secretary shall establish procedures to ensure that any confidential, private, proprietary, or privileged information that is included in a sealed bid submitted under this section is not publicly disclosed or otherwise improperly used. (g) Authorization of appropriations (1) In general There are authorized to be appropriated to the Secretary to carry out this section— (A) $20,000,000 for fiscal year 2024; (B) $30,000,000 for fiscal year 2025