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
Sustainability | Jan 2, 2020
Willis Tower becomes largest U.S. building to earn LEED Platinum
The tower earned the Platinum designation under LEED's latest v4.1 rating system.
75 Top Building Products | Dec 16, 2019
101 Top Products for 2019
Building Design+Construction readers and editors select their top building products for the past 12 months in the fourth-annual 101 Top Products report.
75 Top Building Products | Dec 12, 2019
Top Building Envelope Products for 2019
Sto's beetle-inspired exterior coating and Dörken Systems' UV-resistant vapor-permeable barrier are among the 28 new building envelope products to make Building Design+Construction's 2019 101 Top Products report.
Sustainability | Dec 3, 2019
This world-first facility will turn human remains into soil
Olson Kundig is designing the project.
Sustainability | Nov 13, 2019
Citicape House will feature Europe’s largest living wall
Sheppard Robson designed the project.
Sustainability | Nov 8, 2019
South Korea plans to build three hydrogen-powered cities by 2022
The Ministry of Land, Infrastructure, and Transport is in charge of the project.
Wood | Oct 24, 2019
Could mass timber be a game changer for stadium design?
Projects throughout the U.S. and Canada showcase the design and environmental traits of large-scale wood sports facilities.
Sustainability | Aug 15, 2019
Paris will soon be home to the world’s largest rooftop farm
Agripolis is spearheading the project.
Sustainability | Aug 2, 2019
This will become the first carbon-neutral social housing project in Italy
Barreca & La Varra designed the project.
Sustainability | Jun 7, 2019
Workplace wellness: Top 3 tips for Fitwel certification
How can thoughtful design encourage healthier choices, lifestyles, and work environments?