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

Valerie Volcovici and David Shepardson Friday | 04/22/2022 11:57

U.S. Transportation Secretary Pete Buttigieg speaks throughout a go to on the Charlotte Space Transit System facility, in Charlotte, North Carolina, U.S. December 2, 2021. REUTERS/Chris Keane

The U.S. Transportation Division stated on Thursday it could award $6.4 billion over 5 years to states to fund tasks to scale back greenhouse gasoline emissions.

The funding, a part of a $1 trillion infrastructure invoice authorized by Congress in November, will assist states fund path amenities for pedestrians and bicyclists and tasks that assist the deployment of different gasoline automobiles.

“Transportation is the sector that contributes essentially the most carbon emissions within the U.S. financial system, which signifies that transportation should aspire to be a significant a part of the answer,” Transportation Secretary Pete Buttigieg advised reporters.

The $6.4 billion program requires states to develop plans to scale back transportation emissions and distributes cash by a components developed for state and native governments.

Different tasks that could possibly be funded embody these aimed toward lowering visitors congestion and journey demand methods; truck cease and port electrification programs; public transportation tasks reminiscent of bus speedy transit corridors or devoted bus lanes and infrastructure-based clever transportation programs and changing road lighting and visitors management gadgets with energy-efficient options.

Congestion pricing would possibly nonetheless want separate authorities approval, officers stated. Final yr, the Transportation Division stated New York Metropolis’s proposed congestion pricing plan that will use tolls to handle visitors in central Manhattan would obtain an expedited environmental evaluate, however federal authorities has not acted.

Final month, a New York Metropolitan Transportation Authority official stated the company expects federal approval by the tip of 2022, which might enable the tolling to start in late 2023.

New York would change into the primary main U.S. metropolis to comply with London, which started levying a congestion cost on automobiles driving into town heart in 2003.

Transportation accounts for the biggest share of U.S. greenhouse gasoline emissions – round 27% in 2020. The administration says regardless of varied roadblocks it will possibly nonetheless obtain a objective of slashing greenhouse gasoline emissions by not less than 50% beneath 2005 ranges by 2030.

Source: Reuters

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