BIDEN-HARRIS ADMINISTRATION LAUNCHES $2.6 BILLION FUNDING PROGRAMS TO SLASH CARBON EMISSIONS
Two Bipartisan Infrastructure Law Programs Will Decarbonize Power Generation and Heavy Industries, Create Regional Transport Networks for Captured CO2 Emissions
WASHINGTON, D.C. – The Biden-Harris Administration, through the U.S. Department of Energy (DOE), issued Notices of Intent to fund two programs that will advance carbon capture demonstration projects and expand regional pipeline networks to transport carbon dioxide (CO2) for permanent geologic storage or for conversion into valued end uses, such as construction materials. The two programs – the Carbon Capture Demonstration Projects Program and the Carbon Dioxide Transport/Front-End Engineering Design Program – are funded by a more than $2.6 billion investment from President Biden’s Bipartisan Infrastructure Law. Together, the programs build on the Administration’s recent actions to catalyze investments in clean energy and industrial innovation and advance President Biden’s goal of a net-zero greenhouse gas emissions economy by 2050—creating good paying jobs and economic opportunity. The investments also support the Justice40 Initiative, and DOE continues to prioritize engaging with environmental justice communities to ensure that equity is at the center of reaching our climate goals.
“To meet President Biden’s climate goals, we have to rapidly decarbonize our power generation and heavy industries – such as steel production – that are essential to the clean energy transition,” said U.S. Secretary of Energy Jennifer M. Granholm. “The Bipartisan Infrastructure Law enables DOE to invest in carbon capture, conversion and storage technologies that play essential roles in the development and deployment of clean energy.”
Greenhouse gas emissions, of which CO2 is the primary component, have risen dramatically over the past several decades. Greenhouse gases fuel climate change, increasing the risk of droughts and floods, and putting our agriculture, health, and water supply at risk. These programs will enable the capture, transport, and permanent storage of greenhouse gas emissions to help mitigate the impacts of climate change on communities. They will also benefit communities across the nation by creating good-paying jobs and improving air quality.
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