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United States Energy

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US awards record $6 bln to back industrial emissions reduction projects.

The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness.
Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp (CLF.N), opens new tab facility in Middletown, Ohio, which will receive up to $500 million to install two new electric arc furnaces and hydrogen-based technology to reduce greenhouse gas emissions by 1 million tons.
https://www.reuters.com/sustainability/sustainable-finance-reporting/us-awards-record-6-bln-back-industrial-emissions-reduction-projects-2024-03-25/


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  • winnie nguru

    2 w

    This is such a huge step!

    • George Kariuki

      3 w

      This is a massive step in the right direction for the US! $6 billion for clean industry? That's what I'm talking about!

      2
      • walter lungayi

        3 w

        This demonstrates a significant commitment to combating climate change. This substantial investment will support initiatives aimed at reducing greenhouse gas emissions from industrial activities, contributing to a more sustainable and environmentally friendly future.

        1
        • Elizabeth Gathigia

          3 w

          Great to see more funds being chanelled towards green investment that will lead to sustainability

          2
          • Ann Nyambura

            3 w

            It's encouraging to see such proactive measures being taken to address one of the most pressing issues of our time.

            2
            • mary Mwihaki

              3 w

              We need more financing to green investment and sustainable development

              4
              • Kevin

                3 w

                More and more financing needs to go to the reduction of emissions.Good work from the US department

                3
                • Esther Wanjiku

                  3 w

                  These are record funds that will go a long way in creating sustainable development

                  4
                  • Munene Mugambi

                    3 w

                    This is a huge amount commited to finance reducing industrial emissions in the United States. We can only hope the funds are well utilised and that most importantly, we start seeing results of this resource allocation. It will also greatly help in union jobs keeping and maintain the country's market competitiveness, overall a good deal.

                    12
                    • Saustine Lusanzu

                      3 w

                      We need more financing,more Green investment, more Green jobs and more sustainable Development.

                      13
                      • Munene Mugambi

                        3 w

                        @saustine_lusanzu we do need all the above and commitment between the workers, governments and the public to make these and other such projects a success to ensure emissions reduction is achieved and within the set timelines.

                        5
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