With the goal of helping improve workers' incomes as well as increase competitiveness, on March 25, the US Department of Energy announced that it will spend $6 billion in federal funds to subsidize 33 industrial projects in 20 states of the country to reduce carbon emissions.
Energy Secretary Jennifer Granholm will announce the grants during a visit to a Cleveland-Cliffs Steel Corp. facility in Middletown, Ohio.
Secretary Granholm said the initiative is the largest single investment package for industrial decarbonization in US history, bringing the total amount spent on decarbonization efforts in the industrial sector in the country to $20 billion.
Granholm said the 33 projects would cut emissions from industries such as steel, cement, concrete, aluminum, chemicals, food and beverage, and pulp and paper, which account for about 33 percent of the country’s carbon emissions. The government estimates the projects will eliminate 14 million tons of carbon emissions each year, the equivalent of taking about 3 million gasoline-powered vehicles off the road.
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