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Posted: 2024-03-25T13:40:21Z | Updated: 2024-03-25T13:40:21Z

The Biden administration on Monday announced it will distribute up to $6 billion to curb planet-warming emissions in some of Americas most polluting industries, including chemical, metal and cement operations.

The awards, which the administration called the largest investment in industrial decarbonization in American history, are aimed at both advancing the administrations climate goals and boosting domestic manufacturing.

Energy Secretary Jennifer M. Granholm told reporters the investments target technologies that are scalable and will set a new gold standard for clear clean manufacturing in the United States and around the world.

Put simply, this is good for our planet, its good for our economy, its good for our workers, she said.

A total of 33 projects in more than 20 states are slated to receive federal funding, ranging from $20 million to $500 million. The administration expects to leverage an additional $14 billion in private-sector investment.

These projects offer solutions to slash emissions in some of the highest emitting sectors of our economy, including iron and steel, aluminum, cement, concrete, chemicals, food and beverages, pulp and paper, Granholm said. Together, these industries make up roughly a third of our CO2 emissions of our carbon footprint. The projects that weve selected promise to make a significant dent in those emissions.

Together, the 33 projects could eliminate 14 million metric tons of carbon dioxide emissions annually equivalent to that of 3 million vehicles and create tens of thousands of jobs, according to the administration.