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Photo: iStock.com/ArtEvent ET
The Biden administration will offer $6 billion in funding to cut down on industrial emissions.
It's estimated that the industrial sector makes up around 25% of emissions in the U.S. The funds to push that number down will come from the Inflation Reduction Act and the Bipartisan Infrastructure law, and will go to iron, steel, aluminum, and concrete facilities among many others.
Energy Secretary Jennifer Granholm announced March 25 a goal to "set a new gold standard for clean manufacturing" across the nation, with 33 total projects in over 20 states. That will include the first new U.S. primary aluminum smelter in 25 years, a first-of-its-kind zero-carbon aluminum casting plant, infrastructure to decarbonize food production at 10 Kraft Heinz facilities, and a system to capture and store carbon under a Heidelberg Materials US, Inc. plant in Mitchell, Indiana.
“Getting this off the ground with these first few projects is going to be really useful for convincing industry that this transition is possible, and also, importantly, convincing Wall Street that this transition is possible,” Roosevelt Institute political scientist Todd Tucker told the Associated Press. “The first trick is showing it’s viable in one project. Once you do that, then the private and public sectors can come up with strategies for the rest of the problem.”
This marks the biggest ever investment from the United States to decarbonize its domestic industry.
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