Biden Administration Announces $6 Billion To Slash Industrial Emissions

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Biden Administration Announces $6 Billion To Slash Industrial Emissions
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Chris D'Angelo is a senior reporter at HuffPost, based in Maine. He covers public lands, climate change, biodiversity and environmental policy. Prior to joining HuffPost, he wrote for daily newspapers in Hawaii.

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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