Biden Administration Invests $6 Billion to Decarbonize Industry

The funding aims to reduce emissions from energy-intensive sectors, benefiting disadvantaged communities and eliminating millions of tons of pollution annually.

The Biden administration announces $6 billion in funding to decarbonize the industrial sector, targeting emissions from energy-intensive industries.
Funding will support 33 projects across more than 20 states, focusing on industries such as steel, cement, aluminum, and food production.
Nearly 80% of the projects are located in disadvantaged communities, aligning with President Biden's Justice40 Initiative.
The initiative is expected to eliminate 14 million metric tons of pollution each year, equivalent to removing about 3 million gas-powered cars from the road.
Private sector contributions will bring the total investment in industrial decarbonization to $20 billion.