The U.S. Department of Energy (DOE) rolled out USD2.52bn to fund two carbon capture initiatives that aim to speed up and boost investment in technologies that capture, transport and store carbon. President Biden aims to bring the country to a net zero emissions economy by 2050. And critical to meeting that goal is the President's Bipartisan Infrastructure Law, which provided the funding of the carbon capture programs. The “Carbon Capture Large-Scale Pilots” and the “Carbon Capture Demonstration Projects Program” seek to cut carbon emissions from energy and hard-to-abate industries.

Source: carboncredits.com