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Home Steel News Biden allocates record $6 billion to slash industrial carbon emissions
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Biden allocates record $6 billion to slash industrial carbon emissions

27 Mar 2024 16:50 reported by Stanley Wang

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The Biden administration unveiled a groundbreaking US$6 billion funding initiative to reduce emissions from the industrial sector, marking the largest-ever US investment to decarbonize domestic industry and combat climate change.

With the industrial sector accounting for approximately 25% of the nation's emissions, decarbonization has been challenging due to its energy-intensive operations. Key industries participating in the initiative include iron, steel, aluminum, food and beverage, concrete, and cement. Funded by the Inflation Reduction Act and the Bipartisan Infrastructure Law, 33 demonstration projects across over 20 states will receive support.

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Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug14,50015,00015,50016,000
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2500260027002800
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug23002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug900092509500975010,00010,250
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LME Official Bid Price

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  • 3 Months
  • Zinc
  • 2,717.00
  • 2,726.50
  • Aluminum
  • 2,579.50
  • 2,579.50
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  • 9,634.50
  • 9,635.00
  • Nickel
  • 14,820.00
  • 15,000.00

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