Last week, the U.S. Department of Energy (DOE) revealed $100 million in funding for its Advanced Research Projects Agency-Energy program, a move applauded by the American Petroleum Institute (API).
The DOE’s newest program is to focus on research and development of new technologies needed to decrease greenhouse gas (GHG) emissions and effectively combat climate change.
“Our country has made incredible strides in reducing emissions to generational lows while producing affordable, reliable and cleaner American energy,” said API CEO Mike Sommers. “We are pleased to see the Biden administration investing in innovation to build on this progress and tackle our climate challenges.”
According to the API, reducing GHGs and improving American energy security can go hand-in-hand, as the natural gas and oil industry has shown over the last decade.
“The industry has provided low-cost natural gas, driving down carbon dioxide emissions in the electric power sector while continuing to address methane emission rates, which have declined nearly 70% between 2011 and 2019 in five of the largest U.S. producing regions,” said the API.
The API supports the DOE’s efforts for energy solutions such as air and carbon capture, utilization, and storage, as well as decarbonization infrastructure, efficient fuels and lower-cost hydrogen.
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