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
Green | May 5, 2015
Top three 2030 Challenge trends
The growth of IPD is among the key takeaways from the USGBC Region 7 Conference.
Wood | Apr 26, 2015
Building wood towers: How high is up for timber structures?
The recent push for larger and taller wood structures may seem like an architectural fad. But Building Teams around the world are starting to use more large-scale structural wood systems.
Green | Apr 7, 2015
USGBC survey shows Fortune 200 companies prioritize green building
The world’s top-performing companies are prioritizing sustainability as part of their corporate social responsibility efforts, and a majority of them are using LEED to achieve their goals, according to the new survey.
Green | Apr 1, 2015
Global wind power installations expected to slow through 2019
After a 20% falloff in 2013, the global wind power industry made a strong comeback in 2014, with a record 51.2 gigawatts installed. But a new report from Navigant Research forecasts a curtailment in growth.
Cultural Facilities | Mar 31, 2015
Pratt Institute to offer first-ever degree in placemaking
As part of its new Urban Placemaking and Management degree, Pratt will offer courses on topics such as "the history and theory of public space" and the "economics of place."
Green | Mar 25, 2015
WELL Building Standard introduced in China
The WELL Building Standard is a performance-based system for measuring, certifying and monitoring features that impact human health and wellbeing, through air, water, nourishment, light, fitness, comfort, and mind.
Higher Education | Mar 23, 2015
Hong Kong university building will feature bioclimatic façade
The project's twin-tower design opens the campus up to the neighboring public green space, while maximizing the use of summer winds for natural ventilation.
Codes and Standards | Mar 12, 2015
Energy Trust of Oregon offers financial incentives for net-zero buildings
The organization is offering technical assistance along with financial benefits.
Codes and Standards | Mar 5, 2015
AEC industry groups look to harmonize green building standards, codes
The USGBC, ASHRAE, ICC, IES, and AIA are collaborating on a single green code.
Green | Feb 23, 2015
State of the green union, and the next big shift in sustainability
The history of the green movement offers cues that we are on the precipice of another significant shift in the green union.