Statement on the historic $6 billion for industrial decarbonization in the U.S.

SAN FRANCISCO – March 25, 2024 – In light of the U.S. Department of Energy announcing $6 billion in funding to drive industrial decarbonization, Senior Director Rebecca Dell issued the following statement:

“Today, the U.S. Department of Energy (DOE) took a huge step to accelerate industrial decarbonization and transform polluting heavy industries to clean production. The $6 billion investment is the largest ever made in industrial climate solutions and shows the Biden Administration’s commitment to dramatically reducing climate pollution while creating opportunities for manufacturers and workers in America.  

In the U.S., the industrial sector emits 30% of carbon dioxide (CO2) emissions. This funding will accelerate emissions reductions in all of the most polluting industries: steel, cement, chemicals, aluminum, and food processing. The new technologies that come out of these investments will be used across the country and around the world.  

In addition, heavy industry is a leading cause of health-harming air and water pollution. Many of the projects receiving DOE funding will also dramatically reduce this pollution and improve the health of all Americans.  

This investment works in concert with initiatives like Buy Clean, which uses the government’s power as the leading purchaser of materials like cement and steel to support the transition to clean production.  

The Biden Administration is merging economic policy with climate policy to reduce air and water pollution, reduce climate pollution, create local jobs in clean manufacturing, and strengthen our national economy.

Climate philanthropy is proud to have supported the development and implementation of these policies, which demonstrate the power of collaborative action in shaping a greener, more sustainable future for all.”

About ClimateWorks Foundation

ClimateWorks Foundation is a global platform for philanthropy to innovate and scale high-impact climate solutions that benefit people and the planet. We deliver global programs and services that equip philanthropy with the knowledge, networks, and solutions to drive climate progress for a more sustainable and equitable future. Since 2008, ClimateWorks has granted over $1.8 billion to more than 850 grantees in over 50 countries.