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Mapped: U.S. Investment in Sustainable Infrastructure (2021-2023)

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The following content is sponsored by Global X ETFs
The graphic shows high levels of investment in U.S. clean infrastructure between 2021 and 2023

Part Three: Mapping U.S. Investment in Sustainable Infrastructure (2021-2023)

The U.S. is using its infrastructure renovation as an opportunity to invest heavily in sustainable infrastructure and accelerate its transition to clean energy.

Through the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), the 117th Congress spent a historic amount of public funds on sustainable infrastructure projects.

So, for the final graphic in the Rejuavating U.S. Infrastructure series, we partnered with Global X ETFs to determine the amount invested in each state’s clean infrastructure so far.

Sustainable Infrastructure Investments Through the BIL and IRA

Sustainable infrastructure investment represents the total federal investment in various types of clean infrastructure. This includes clean buildings and homes, clean energy and power, clean transportation, climate resilience, environmental remediation, and parks and recreation. 

This investment funds various activities, such as transforming an open field into a wind farm or providing cities with a fleet of new EV buses.

So, since passing the BIL and IRA in 2022, over $11.5 billion has been spent or allocated (as of November 2023) for clean energy and infrastructure. The breakdown of funds is as follows: 69% of the total comes from BIL, and 31% from the IRA.

Here is how funds have been divided by state so far:

StateInvestment
Alabama$45,300,000
Alaska$52,700,000
Arizona$396,400,000
Arkansas$14,400,000
California$2,226,800,000
Colorado$507,000,000
Connecticut$76,500,000
Delaware$4,200,000
District of Columbia$26,800,000
Florida$140,100,000
Georgia$298,700,000
Hawaii$27,000,000
Idaho$230,400,000
Illinois$437,600,000
Indiana$39,000,000
Iowa$48,900,000
Kansas$37,300,000
Kentucky$531,600,000
Louisiana$478,600,000
Maine$77,400,000
Maryland$26,100,000
Massachusetts$149,400,000
Michigan$161,100,000
Minnesota$31,700,000
Mississippi$89,700,000
Missouri$356,200,000
Montana$56,500,000
Nebraska$30,900,000
Nevada$147,200,000
New Hampshire$8,300,000
New Jersey$260,900,000
New Mexico$59,300,000
New York$499,900,000
North Carolina$211,400,000
North Dakota$168,300,000
Ohio$131,800,000
Oklahoma$88,500,000
Oregon$87,400,000
Pennsylvania$120,400,000
Puerto Rico$12,700,000
Rhode Island$11,900,000
South Carolina$82,600,000
South Dakota$22,900,000
Tennessee$860,900,000
Texas$280,800,000
Utah$90,400,000
Vermont$56,500,000
Virginia$146,000,000
Washington$145,000,000
West Virginia$35,300,000
Wisconsin$45,800,000
Wyoming$1,379,900,000

Clean power has received the most investment, at 48%, followed by investments in new clean energy opportunities like solar or wind farms, at 16%.

Then, environmental remediation efforts like cleaning up oil spills or soil repair programs, sit at 13% of the total.

A Sustainable Future

Congress has already invested $11.5 billion in sustainable and clean infrastructure. But this is only half of the $23 billion the BIL and IRA have promised to provide over the next few years.

The promise of future investment is an excellent opportunity for the U.S. to accelerate its clean energy transition and rejuvenate its infrastructure.

This is the final part in the Rejuevenating U.S. Infrastructure series; be sure to to read parts one and two to learn why U.S. infrastructure required investment in the first place, and how much has been spent so far.

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Click here to learn more about the Global X U.S. Infrastructure Development ETF.

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