U.S. Energy Department to spend $3.7 billion on carbon removal

Dec 13 (Reuters) – The U.S. Department of Energy on Tuesday agreed to commit $3.7 billion to finance projects to remove planet-warming carbon from the atmosphere and meet the nation’s goal of net-zero greenhouse gas emissions by 2050.Tuesday’s announcement formalizes a previously announced plan to finance four direct air capture hubs to draw carbon dioxide (CO2) from the air and store it underground.The agency also outlined programs to bolster research on carbon removal technology and fund grants to state and local governments and utilities for carbon utilization. The initiatives are funded by the Bipartisan Infrastructure Law.”We must tackle the …
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