US Energy Dept Pledges $100M to Buy Products Derived from Converted Carbon Emissions

This week America's Department of Energy announced $100 million to support states, local governments, and public utilities "in purchasing products derived from converted carbon emissions." The hope is to jumpstart the creation of a market for "environmentally sustainable alternatives in fuels, chemicals, and building products sourced from captured emissions from industrial and power generation facilities." U.S. Secretary of Energy Jennifer M. Granholm says it will "help transform harmful pollutants into beneficial products." "State and local grants, made possible through the Bipartisan Infrastructure Law, will help demonstrate the economic viability of innovative technologies, resulting in huge net reductions in lifecycle greenhouse gas emissions, while bringing new, good-paying jobs and cleaner air to communities nationwide." States, local governments, and public utilities purchase large quantities of products, therefore providing an incentive to purchase products made from carbon emissions is an important method to drive emissions reductions... [T]he Carbon Utilization Procurement Grants program will help offset 50% of the costs to states, local governments, and public utilities or agencies to procure and use products developed through the conversion of captured carbon dioxide and carbon monoxide emissions. The commercial or industrial products to be procured and used under these grants must demonstrate a significant net reduction in greenhouse gas emissions compared to incumbent products via a life cycle analysis... Projects selected under this opportunity will be required to develop and implement strategies to ensure strong community and worker benefits, and report on such activities and outcomes.

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