White House Announces $1.5 Billion Net-Zero Energy Investment
The report details five initial priorities that will help enable the U.S. to meet the President’s goal of cutting greenhouse gases (GHGs) by 50%-52% in 2030 and get to net-zero emissions by no later than 2050.
The Biden-Harris Administration announced $1.5 billion under President Biden’s Inflation Reduction Act (IRA) to build and upgrade America’s national laboratories and advance American leadership in science, research, and innovation. Strengthening America’s national labs will increase economic growth; create good-paying, local jobs; and help attract skilled workers needed to drive clean energy solutions and other technologies that will lower costs for families, make people’s lives better, and address the climate crisis. In addition, the White House announced a new report that identifies five initial priorities that will help enable the U.S. to meet the President’s goal of cutting greenhouse gases (GHGs) by 50%-52% in 2030 and get to net-zero emissions by no later than 2050. To drive innovation of these technologies, the Administration is also launching the Net-Zero Game Changers Initiative today.
President Biden’s economic plan has secured transformational investments in American-made clean energy, including in wind, solar, electric vehicles, batteries, and more. Investing in these American-made solutions is critical to ensuring that the U.S. remains the world leader in clean technologies and that American workers and communities reap the historic economic opportunities and good-paying jobs that come from building a clean energy economy. America’s investments in scientific research, including through its world-class system of national labs, is core to U.S. economic competitiveness and enables innovation across the economy. Today’s funding announcements will give a long overdue boost to 13 Department of Energy (DOE) national laboratories that have been at the core of major scientific discoveries, and continue to be essential to advance America’s energy, economic, and national security. The increased funding for the national laboratories under the IRA will support innovative research in clean technologies, including those identified by the Game Changers Initiative. These investments will help the U.S. meet its climate goals while bringing down energy costs for American families, advancing U.S. energy security, and creating good-paying jobs. For more information about new funding for national labs, click here.