U.S. Announces Over $4 Billion Funding for Projects to Reduce GHG Emissions Across Key Sectors
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The U.S. EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More Protection Agency (EPA) announced more than $4.3 billion in grants for projects in 30 states aimed at reducing greenhouse gas emissions across the transportation, electric power, commercial and residential buildings, industry, agriculture, and waste and materials management sectors.
The new awards were made under the Climate Pollution Reduction Grants program, which provides grants to states, local governments, tribes, and territories to develop and implement plans for reducing greenhouse gas emissions and other harmful air pollution. The program is funded through the Biden administration’s Inflation Reduction Act, and forms part of the administration’s Investing in America Agenda to mobilize private sector investment to promote U.S.-based manufacturing in critical sectors, such as infrastructure and clean energy.
According to the EPA, the selected projects would reduce greenhouse gas emissions by 971 million metric tons by 2050.
Among the selections announced by the EPA was a $396 million grant for Pennsylvania’s Department of EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More Protection’s proposed RISE PA project, which aims to reduce GHG emissions in the industrial sector through a competitive grants program and incentives for small-, medium- and large-scale decarbonization projects.
Pennsylvania Governor Josh Shapiro said:
“This is one of the largest federal grants Pennsylvania has ever received, and through RISE PA, we will offer grants for companies working to make their operations more efficient. This investment will help us reduce toxic air pollution, create thousands of jobs, invest in our energy sector, and continue Pennsylvania’s legacy of energy leadership.”
Overall, 25 applicants were selected with projects in 30 states. Anticipated investments by sector include $1.2 billion for transportation, targeting areas such as charging infrastructure for zero-emission freight trucks and incentives to deploy electric vehicles, more than $1 billion for buildings to invest in energy efficiency measures and heat pumps, $931 million for agriculture and natural and working lands, including reforestation and protection projects, promotion of smart agricultural practices and reductions in livestock emissions, $372 million for electric power, including incentives to deploy solar and wind generation and redevelop brownfields and landfills to support renewable energy, and $121 million for waste and materials management, supporting landfill methane capture projects, and waste diversion from landfills.
EPA Administrator Michael S. Regan, said:
“Selected recipients have put forward ambitious plans to advance sustainable agriculture, deploy clean industrial technologies, cut emissions and energy costs in homes and commercial buildings, and provide cost- and energy-efficient heating and cooling to communities, creating economic and workforce development opportunities along the way.”