Rocky Mountain Institute (RMI) has released a tool to identify financial incentives to help developers, industrial companies, and investors find financial incentives for heavy industry and transport projects.
The first iteration of the Decarbonizing Industry Resource Tool (DIRT) is focused on federal incentives and California state-wide incentives. This tool helps identify federal funding opportunities in the steel, cement, aluminum, trucking, shipping, aviation, hydrogen, chemicals, and industrial-use battery sectors.
In order to reduce emissions from heavy industry and meet national climate goals, hundreds of net-zero industrial projects will have to be built, RMI says. The Inflation Reduction Act, signed into law in August 2022, represents the largest investment in decarbonization in U.S. history and offers numerous incentives to encourage cleaner industrial processes.
The bill offers tax credits, bonuses, and stacking rules to spur decarbonization. The RMI tool breaks down these rules to help users understand these incentives.
Related Stories
Sponsored | Sustainability | Sep 17, 2021
The Benefits of Investing in ESG Sustainable Business Practices
Environmental, social and governance (ESG) practices are a hot topic in the corporate world. Here’s why you should prioritize them in your business.
Sustainable Design and Construction | Aug 20, 2021
Latest UN IPCC report on climate change should be cause for concern among AEC professionals and the real estate industry
The UN IPCC report on climate change is a must-read for architects, engineers, contractors and developers.
Sponsored | Sustainability | Aug 20, 2021
Measuring Sustainability: Determine Where You Stand and What to Do Next
Measuring sustainability operations is necessary to prove your sustainable facilities practices. To measure your success, there are two key factors you need.
Resiliency | Aug 19, 2021
White paper outlines cost-effective flood protection approaches for building owners
A new white paper from Walter P Moore offers an in-depth review of the flood protection process and proven approaches.
Sustainability | Aug 3, 2021
Construction Association launches new initiative to address climate change by pushing for construction of fewer carbon-intensive projects
While the new initiative includes steps construction firms can take to operate more efficiently, the bulk of the effort is focused on pushing for public and private project owners to build more efficient projects.
Wood | Jul 16, 2021
The future of mass timber construction, with Swinerton's Timberlab
In this exclusive for HorizonTV, BD+C's John Caulfield sat down with three Timberlab leaders to discuss the launch of the firm and what factors will lead to greater mass timber demand.
Industrial Facilities | Jul 2, 2021
A new approach to cold storage buildings
Cameron Trefry and Kate Lyle of Ware Malcomb talk about their firm's cold storage building prototype that is serving a market that is rapidly expanding across the supply chain.
![Oceanographer John Englander talks resiliency and buildings [new on HorizonTV]](/sites/default/files/styles/list_big/public/Oceanographer%20John%20Englander%20Talks%20Resiliency%20and%20Buildings%20YT%20new_0.jpg?itok=enJ1TWJ8 "Oceanographer John Englander talks resiliency and buildings [new on HorizonTV]")
Resiliency | Jun 24, 2021
Oceanographer John Englander talks resiliency and buildings [new on HorizonTV]
New on HorizonTV, oceanographer John Englander discusses his latest book, which warns that, regardless of resilience efforts, sea levels will rise by meters in the coming decades. Adaptation, he says, is the key to future building design and construction.
Sustainability | Jun 23, 2021
The world’s first Passive House Certified cidery completes
River Architects designed the project.
Education Facilities | Jun 4, 2021
Three ProConnect events coming this fall: Sustainability (Nov 2-3), Education (Nov 16-17), Multifamily (Dec 12-14)
SGC Horizon ProConnect 2021 schedule for Education, Multifamily, Office, and Single Family events.
