The US will spend $6 billion on decarbonizing heavy industry

The US will spend $6 billion on decarbonizing heavy industry
Katerina Belousova

Environmental groups praised the program

In the US, $6 billion will be allocated to accelerate decarbonization projects in energy-intensive industries, in particular in the production of steel, aluminum, cement, chemicals, ceramics and paper.

The program provides competitive grants for technology developers, industry, universities, etc. in the amount of up to 50% of the cost of projects, Reuters reports.

It is noted that these industries account for about 25% of greenhouse gas emissions in the United States.

The article said that the program is part of US President Joe Biden's policy to decarbonize the economy by 2050. It will help reduce pollution and promote the competitiveness of American manufacturing.

The article emphasized that funding for the program would come from the 2021 Infrastructure Act, as well as the 2022 Inflation Reduction Act (IRA).

It said environmental groups praised the program and called on the Department of Energy to allocate at least 40% of resources to sites near populated areas that face the environmental and social consequences of heavy industry.

"This new funding is an unmissable opportunity to modernize American primary steel manufacturing, reduce climate and health harming pollution and create jobs," said Hilary Lewis, steel director at Industrious Labs, a nonprofit working on the energy transition. "Without investment today, the industry risks falling behind in the race to green steel."

Earlier, EcoPolitic wrote, that the USA announced the allocation of $47 million for the development of affordable green hydrogen technologies.

As EcoPolitic previously reported, $3.7 billion will be allocated in the US to start an American industry for removing carbon dioxide from the atmosphere.

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