US announces US$6 billion in grants to decarbonise heavy industry

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WASHINGTON: The Biden administration said on Wednesday (Mar 8) it is directing US$6 billion in funding to speed decarbonisation projects in energy-hungry industries like steel, aluminium and cement making that contribute nearly 25 per cent of US greenhouse gas emissions. The Industrial Demonstrations Progr

WASHINGTON: The Biden administration said on Wednesday it is directing US$6 billion in funding to speed decarbonisation projects in energy-hungry industries like steel, aluminium and cement making that contribute nearly 25 per cent of US greenhouse gas emissions.

"It's not super-defined," Granholm said at the CERAWeek conference in Houston about the program which aims to fund projects at existing and new facilities alike.

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