Enacted by Gov. Edwards in 2021, Louisiana’s Climate Action Plan itemizes 84 policy-specific action items as part of a comprehensive strategy to diversify Louisiana’s economy and add jobs while increasing resilience. With an eye toward reducing greenhouse gas emissions, increasing the use of renewable energy, supporting coastal ecosystems and bolstering community resilience, the plan will also spur economic growth and job creation.
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Louisiana is supporting major investments in scientifically sound emission-reduction technologies such as carbon capture and storage (CCS). The state offers favorable geology for CO2 injection and storage and an existing network of nearly 50,000 miles of integrated pipeline. Over $20 billion in private investments has been announced for Louisiana.
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Plans for an offshore wind-powered hydrogen cluster in south Louisiana received a critical injection of $50 million from the U.S. Economic Development Administration’s Build Back Better Challenge. H2theFuture, a project led by Greater New Orleans, Inc., creates a roadmap for decarbonizing Louisiana’s manufacturing sector while creating new jobs through a clean hydrogen network.
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The HALO Hydrogen Hub is Arkansas, Louisiana and Oklahoma’s regional partnership that is competing for funding from the Infrastructure Investment and Jobs Act. Together, the group’s approach is to employ public-private partnerships to develop an extensive hydrogen network that will ultimately be integrated into a national network.
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Louisiana State University is establishing the new Institute for Energy Innovation for advancing reliable, affordable, environmentally responsible energy. Studies at the center will focus on hydrogen, carbon capture, the coast and low-carbon fuels and four specialties for workforce solutions: talent, research and development, policy and economics.
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The global push to reduce greenhouse gas emissions is having a ripple effect not only in the energy sector, but in manufacturing as well. In Louisiana, investments are taking place in sustainable materials and battery production for electronic and hybrid vehicles. To meet the expanding electric vehicle market, the U.S. Infrastructure Act awarded Louisiana $320 million to boost the supply of essential battery components.
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