Biden-Harris Administration Announces $2.5 Billion to Cut Pollution and Deliver Economic Benefits to Communities Across the Nation
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced $2.52 billion in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon transport and storage technologies. Funded by President Biden’s Bipartisan Infrastructure Law, the two programs—Carbon Capture Large-Scale Pilots and Carbon Capture Demonstration Projects Program—aim to significantly reduce carbon dioxide (CO2) emissions from electricity generation and hard-to-abate industrial operations, an effort critical to addressing the climate crisis and meeting the President’s goal of a net-zero emissions economy by 2050. The new programs will help accelerate the demonstration and deployment of carbon management technologies, supporting the Biden-Harris Administration’s efforts to create good-paying manufacturing jobs, reduce pollution to deliver healthier communities, and reinforce America’s global competitiveness in the clean energy technologies of the future. The electricity generation and industrial sectors account for a large portion of U.S. carbon emissions. Successfully scaling carbon management technology - especially in hard to decarbonize sectors and heavy industries such as steel and cement production - is a key component of President Biden’s plan to combat the climate crisis and achieve a net-zero carbon economy by 2050. In addition to reducing harmful greenhouse gas emissions, these technologies will also help deliver clean air and other environmental benefits to communities across the country while revitalizing local economies.