The Biden administration announced hundreds of millions of dollars to support green energy projects in current and former coal towns Tuesday morning, as the administration continues to push policies that could run some coal plants out of business.
The funding includes $450 million from the Bipartisan Infrastructure Law to develop “clean energy demonstration projects” on current and former mining territory, which the administration projects will generate up to 90 gigawatts (GW) of clean energy, according to a White House fact sheet. Economic incentives in the president’s signature climate law, the Inflation Reduction Act, in concert with stricter environmental regulations could lead to roughly between 50 GW to 80 GW in coal-fired power plants going offline by 2030.
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