The Energy Department on Tuesday announced a new office devoted to renewable energy demonstration projects, funded by the recently signed bipartisan infrastructure law. The law, which Biden signed in November, provides $20 billion for the creation of the office, which will fund demonstration project for technologies such as carbon capture and renewable hydrogen. The funds come from a broader $62 billion pot to speed up renewable energy development within the department. Renewable energy is a major prong in the Biden administration’s goal of reaching net-zero greenhouse gas emissions by 2050. Granholm announced in March that the department will restart an Obama-era loan program for renewable energy companies.

Source: Ethiopian News December 22, 2021 18:32 UTC