Biden-Harris Administration Announces $6 Billion To Drastically Reduce Industrial Emissions and Create Healthier Communities
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced approximately $6 billion in funding to accelerate decarbonization projects in energy-intensive industries and provide American manufacturers a competitive advantage in the emerging global clean energy economy. Funded by President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act, the Industrial Demonstrations Program will focus on the highest emitting industries where decarbonization technologies will have the greatest impact, such as iron and steel, aluminum, cement and concrete, and other energy-intensive industrial processes. Widespread demonstration and deployment of decarbonization projects within these industries is key to achieving the President’s goal of a net-zero economy by 2050 and will help strengthen and secure America’s global leadership in manufacturing for decades to come. The industrial sector contributes nearly one third of the nation’s carbon emissions. The announcement made on March 8, 2023 represents the latest step in the Biden-Harris Administration’s comprehensive approach to reducing emissions from across the industrial sector including by demonstrating decarbonization projects at scale in this decade—solutions that had previously seemed decades away.