Biden Set to Award Billions to Decarbonize US Heavy Industries.

The Biden administration is planning to award approximately $6.3 billion in grants to help industries reduce their carbon emissions. The grants will be given to sectors such as cement, glass, chemicals, metals, and pulp and paper, which account for a significant portion of US emissions. The funding aims to support the transition to lower-carbon technologies in these industries, which is crucial for the administration's goal of cutting greenhouse gas emissions by 50% by 2030 and achieving net-zero emissions by mid-century. The Department of Energy will be responsible for distributing the grants, and details on the projects that will receive funding are expected to be announced soon. [Extracted from the article]