Jennifer Granholm, US Secretary of Energy
US launches $2.52bn CCS funding programme
Cash for large-scale pilot and demonstration projects aimed at decarbonising power generation and hard-to-abate industries
The US Department of Energy (DoE) has launched a $2.52bn funding scheme aimed at unlocking investment in large-scale CCS for the power sector and hard-to-abate industrial sectors. The funding, which is to be financed under the Bipartisan Infrastructure Law, will be offered via two streams: the Carbon Capture Large-Scale Pilots Program and the Carbon Capture Demonstration Projects Program. The DoE’s move highlights the Biden administration’s determination to accelerate the deployment of CCS and other carbon-management tools as part of its push for net zero by 2050. It will put further pressure on the EU and other national governments to ramp up incentives for CCS. $820mn – Funding avail
Also in this section
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
12 March 2025
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
