Biden Administration Announces $6 Billion To Slash Industrial Emissions

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.

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. During the application process, the Department of Energy received a total 411 concept papers requesting more than $60 billion in federal funds for energy efficiency projects, according to a senior Biden administration official. The $6 billion that’s being distributed includes $5.47 billion from the 2022 Inflation Reduction Act and $489 million from the 2021 bipartisan infrastructure law.

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