The Biden administration is set to announce Friday that it will spend $1.2 billion to fund two direct air capture carbon removal projects, according to CNN.
The Biden administration will announce on Friday its first major investment to kickstart the U.S. carbon removal industry – something energy experts say is key to getting the country's planet-warming
The Biden administration is throwing its weight behind technology that sucks planet-warming carbon dioxide out of the air, selecting the first winners of a $3.5 billion fund dedicated to developing the machines scientists say will be needed to stop the worst effects of climate change.
The Department of Energy is giving grants of up to $1.2 billion to two direct air capture (DAC) projects that aim to remove more than 2 million metric tons of carbon dioxide from the atmosphere every year.
