The Pak Banker

WH launches energy effort, in technology funding

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The Biden administra­tion announced the US Department of Energy will offer $100 million in funding to support lowcarbon energy technologi­es and create a working group to aid their developmen­t and sale.

National Climate Advisor Gina McCarthy revealed the news at the White House's first meeting of the National Climate Task Force, which included cabinet leaders from 21 federal agencies. The task force was created in President Joe Biden's Jan. 27 executive order on tackling climate change.

McCarthy reiterated the Biden administra­tion believes an aggressive shift to a clean energy economy can reinvigora­te the U.S. economy and create jobs.

"We are positionin­g America to create goodpaying, union jobs in a just and equitable way in communitie­s across the nation that will be at the forefront of new manufactur­ing for clean energy and new technology, tools, and infrastruc­ture that will help us adapt to a changing climate," McCarthy said.

The White House also said the new Climate Innovation Working Group will focus on commercial­izing technologi­es like direct air capture and battery storage, and "emphasize research to bolster and build critical clean energy supply chains in the United States." The Department of Energy's Advanced Research Projects AgencyEner­gy, or ARPA-E, funds high risk but potentiall­y transforma­tional energy projects such as next generation batteries for electric cars and storing energy from wind and solar power. The previous Trump administra­tion had sought to terminate ARPA-E and loan programs by the department but the program had bipartisan support in Congress and lawmakers continued to fund it.

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