Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home ยป U.S. to grant $6.4 bn funding for projects to reduce carbon emissions

    U.S. to grant $6.4 bn funding for projects to reduce carbon emissions

    April 21, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Carbon emission

    London — The U.S. Transportation Department said on Thursday it would award $6.4 billion over five years to states to fund projects to reduce greenhouse gas emissions.

    The funding, part of a $1 trillion infrastructure bill approved by Congress in November, will help states fund trail facilities for pedestrians and bicyclists and projects that support the deployment of alternative fuel vehicles.

    “Transportation is the sector that contributes the most carbon emissions in the U.S. economy, which means that transportation must aspire to be a major part of the solution,” Transportation Secretary Pete Buttigieg told reporters.

    The $6.4 billion program requires states to develop plans to reduce transportation emissions and distributes money through a formula developed for state and local governments.

    Other projects that could be funded include those aimed at reducing traffic congestion and travel demand strategies; truck stop and port electrification systems; public transportation projects such as bus rapid transit corridors or dedicated bus lanes and infrastructure-based intelligent transportation systems and replacing street lighting and traffic control devices with energy-efficient alternatives.

    Congestion pricing might still need separate government approval, officials said. Last year, the Transportation Department said New York City’s proposed congestion pricing plan that would use tolls to manage traffic in central Manhattan would receive an expedited environmental review, but federal government has not acted.

    Last month, a New York Metropolitan Transportation Authority official said the agency expects federal approval by the end of 2022, which would allow the tolling to begin in late 2023.

    New York would become the first major U.S. city to follow London, which began levying a congestion charge on vehicles driving into the city center in 2003.

    Transportation accounts for the largest share of U.S. greenhouse gas emissions – around 27% in 2020. The administration says despite various roadblocks it can still achieve a goal of slashing greenhouse gas emissions by at least 50% below 2005 levels by 2030.

    *Valerie Volcovici, David Shepardson, Editing: Jacqueline Wong

    Follow us on twitter

    Related News

    Asian spot LNG prices rise slightly on US-China tariff truce

    US LNG exporters push forward new projects despite trade war uncertainty

    Gas explosion rocks fueling station in Port Harcourt, injures five

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    World Bank approves $350 million grant for Malawi hydropower project

    May 17, 2025

    UAE to up value of US energy investments to $440 billion by 2035

    May 17, 2025

    Germany’s Uniper, Britain’s Octopus Energy sign power and gas agreement

    May 17, 2025

    With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline

    May 17, 2025

    Asian spot LNG prices rise slightly on US-China tariff truce

    May 17, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.