The U.S. Transportation Department said on Thursday it would award $6.4 billion over 5 years to states to fund projects to reduce greenhouse gas emissions.

The funding, part of a $1 trillion infrastructure bill approved by Congress in November, will help states fund trail facilities for pedestrians and bicyclists and projects that support the deployment of alternative fuel vehicles.

“Transportation is the sector that contributes the most carbon emissions in the U.S.

U.S. to Grant $6.4 bln Funding for Projects to Reduce Carbon Emissions | Devamı>>>

China central bank first to finance emissions reductions gave the loan.

China’s central bank announced on Thursday, December 30, 2021 that it has made an initial 85.5 billion yuan (US$18.2 billion) low-cost loan to financial institutions to promote green projects and corporate efforts to reduce carbon emissions.

Under the carbon emission reduction facility (CERF), the first of its kind to be implemented by China’s central bank, financial institutions will be able to apply for low-cost financing after they issue loans to finance firms’ efforts to reduce emissions.

First Loan For Emission Reduction Financing From ‘The Central Bank of China! | Devamı>>>