U.S. NET ZERO PRIORITIES 2050: $1.5BLN

THE WHITE HOUSE - NOVEMBER 04, 2022 - U.S INNOVATION TO MEET 2050 CLIMATE GOALS

Five Priorities to Launch the Net-Zero Game Changers Initiative

The Biden-Harris Administration is committed to supporting game-changing innovation to meet its climate goals — including the U.S. nationally determined contribution target of reducing greenhouse gas (GHG) emissions by 50-52% from 2005 levels by 2030 and the national goal of reaching net-zero emissions by no later than 2050. The Administration created an interagency working group to identify, prioritize, and accelerate innovation in game-changing net-zero technologies. The working group first identified 37 net-zero R&D opportunities, which are described in this report. The Administration then prioritized five areas' to launch the Net- Zero Game Changers Initiative:

• Efficient Building Heating and Cooling, including refrigerants with low global warming potential;

• Net-Zero Aviation, cost-competitive with conventional aviation, including electric and hybrid aircraft and sustainable aviation fuels production;

• Net-Zero Power Grid and Electrification, including advanced transmission and distribution systems;

• Fusion Energy at Scale, cost-competitive with conventional energy; and

• Industrial Products and Fuels for a Net-Zero, Circular Economy, including secure supply chains and alternative pathways for producing low-carbon steel, aluminum, cement, chemicals, industrial heat, clean water, and electrofuels.

These solutions are all key areas where transformative progress can help the United States reach its 2050 climate goal and support global decarbonization. They build on existing clean energy priorities at Federal agencies, such as the Department of Energy (DOE)

Energy EarthshotsTM , which are necessary to achieve the 2030 emissions reduction goal. This set of priorities will strengthen the U.S. innovation ecosystem, cutting across economic sectors and

U.S. Government research and development (R&D) programs. The priorities include opportunities for near-term wins, investments in underserved communities through the Justice40 initiative, and long-term transformation of the energy system. Leveraging the strength of U.S. science institutions including Historically Black Colleges and Universities and Minority Serving Institutions, the Net-Zero Game Changers Initiative enables the development of a next- generation clean energy workforce that looks like America.

With inclusive and intentional innovation, these initial five priorities can have significant co-benefits and advance environmental justice, enhance energy security, ensure U.S. leadership in the next generation of energy technology, and grow good-paying jobs in the United States. As a first step to accelerate rapid innovation on these priorities, the Biden-Harris Administration is:

• Enhancing coordination between Federal departments and agencies that are creating these critical climate solutions, drawing expertise from the United States' unparalleled public and private innovation ecosystem;

• Roadmapping pathways from early-stage research to widespread deployment of these game changers; and

• Leveraging clean energy innovation investments made under the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act.

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