The Environmental Protection Agency announced $4.3 billion in funding on Monday for 25 new projects proposed by states, tribes, local governments and territories to tackle climate change. The funding could reduce greenhouse gas emissions by as much as 971 million metric tons by 2050, or roughly the emissions of five million homes over 25 years, according to the agency.
…The 25 projects — from states, a tribe, local governments and coalitions — were chosen from more than 300 applications for almost $33 billion in funding. The selections were based off the potential reduction of emissions, the ability to track these reductions and the diversity of industries represented.
The grants also include $500 million for the air management district in Southern California, which will be used to help decarbonize the region’s transportation and freight sectors, including at busy ports in Long Beach and Los Angeles, Sen. Alex Padilla announced Monday. Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.