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Building Back Cleaner With Industrial Decarbonization Demonstration Projects

Building Back Cleaner With Industrial Decarbonization Demonstration Projects

Full Title: Building Back Cleaner With Industrial Decarbonization Demonstration Projects
Author(s): David M. Hart
Publisher(s): Information Technology & Innovation Foundation
Publication Date: March 8, 2021
Full Text: Download Resource
Description (excerpt):

The Biden administration plans to put forward a major infrastructure package to fulfill the president’s pledge to “build back better.” This package should include an investment of $5 billion over five years in cost-shared demonstration projects that seek to drastically reduce greenhouse gas (GHG) emissions from heavy industries such as steel, cement, and chemicals. These industries account for a large and growing proportion of U.S. and global GHG emissions. Many promising solutions for industrial emissions are being developed, but only a few are being demonstrated on a large scale, due to the risk and cost. Nearly all of these demonstration projects are sited outside the United States.

A substantial investment in industrial decarbonization demonstration projects in the United States, complemented by other policies—such as a substantial increase in research and development (R&D) spending, “Buy Clean” federal procurement standards, and other “demand-pull” policies—would put the United States’ unmatched innovation resources to work in a globally vital cause. It would also thrust U.S. vendors and producers to the forefront of an emerging global competition to implement the most-effective climate solutions in emission-intensive industries in the coming decades. Success in this competition would bring jobs and economic activity to the United States.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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