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Biden Announces $6 Billion in Climate Change Funding - The Wall Street Journal

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Biden Announces $6 Billion in Climate Change Funding

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Biden Announces $6 Billion in Climate Change Funding

President Joe Biden announced on Tuesday $6 billion in investments to address climate change. The funding will target modernizing the electric grid to withstand extreme weather, the president said. Photo: Chris Kleponis/Pool via CNP/Zuma Press

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Related Knowledge Center: Carbon capture

State of Play

The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption. 

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