Industry News

US Department of Energy Announces Further Funding to Accelerate CO2 Removal Deployment 

by | Dec 14, 2022

The US Department of Energy (DOE) announced on 13 December $3.7b in funding from President Biden’s Bipartisan Infrastructure Law for the launch of four programs in a push to deploy carbon dioxide removal technologies at scale. The funds are aimed at spurring private sector investment, expediting advancements in monitoring and reporting for carbon management technologies, and providing grants to state and local governments to buy and utilize captured CO2 emissions.

“No matter how fast we decarbonize the nation’s economy, we must tackle the legacy pollution already in our atmosphere to avoid the worst effects of climate change,” said U.S. Secretary of Energy Jennifer M. Granholm.  “President Biden’s Bipartisan Infrastructure Law provides the transformative investments needed to scale up the commercial use of technologies that can remove or capture CO2, which will bring jobs to our regions across the country and deliver a healthier environment for all Americans.”   

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