Biden Administration Announces $6 Billion To Slash Industrial Emissions
HuffPost
The administration called it “the largest investment in industrial decarbonization in American history."
The Biden administration on Monday announced it will distribute up to $6 billion to curb planet-warming emissions in some of America’s most polluting industries, including chemical, metal and cement operations.
The awards, which the administration called the “largest investment in industrial decarbonization in American history,” are aimed at both advancing the administration’s climate goals and boosting domestic manufacturing.
Energy Secretary Jennifer M. Granholm told reporters the investments target technologies that are scalable and will “set a new gold standard for clear clean manufacturing in the United States and around the world.”
“Put simply, this is good for our planet, it’s good for our economy, it’s good for our workers,” she said.
A total of 33 projects in more than 20 states are slated to receive federal funding, ranging from $20 million to $500 million. The administration expects to leverage an additional $14 billion in private-sector investment.