Official announcements from the Port of Virginia or EPA reports

Biden Announces $3B from Inflation Reduction Act to Decarbonize Ports in 27 States

Oct 29, 2024, 04:45 PM

President Joe Biden announced a $3 billion investment to modernize and decarbonize U.S. ports, aiming to reduce carbon emissions and enhance infrastructure nationwide. The funding, part of the EPA's Clean Ports Program supported by the Inflation Reduction Act, will be distributed to 55 projects across ports in 27 states and territories. Biden made the announcement at the Port of Baltimore, which had recently experienced a bridge collapse that interrupted shipping for nearly three months. Notable allocations include $147 million for the Maryland Port Administration, over $1 billion for seven California ports—including $411 million for the Port of Los Angeles to transition to zero-emission, non-automated equipment, $379 million for Bay Area ports, and over $42 million for the Port of Hueneme—$380 million for the Port of Virginia to achieve net-zero carbon emissions by 2040, nearly $130 million for Delaware's ports, more than $95 million for Illinois ports, $94 million for the Port of Cleveland in Ohio, over $79 million for the Port of Philadelphia, $92 million for the Illinois International Port, $54.9 million for SeaStreak Ferry to advance zero-emission high-speed ferries, and nearly $3 million for Port Houston's PORT SHIFT program in Texas. The initiative aims to support zero-emission technology, reduce air pollution, improve air quality, support union jobs, and strengthen the nation's supply chain. Biden emphasized the need to 'build back better and stronger than before,' highlighting ports as 'the linchpin to America’s supply chain.'