Biden making $20 billion available from ‘green bank’ for clean energy projects:
Vice President Kamala Harris called the grant programs announced Friday “the largest investment in financing for community-based climate projects in our nation’s history,’’ adding: “It’s a good day.’’
“When we invest in clean energy and electric vehicles, more of our children can breathe clean air and drink clean water,’’ she said. “When we help folks upgrade their heating and cooling systems, we lower the cost of electricity, so working parents have more money for groceries and home repairs and school supplies. And think of all the jobs these investments will create.’’
The $6 billion Clean Communities Investment Accelerator, meanwhile, will provide grants for up to seven nonprofits that will work with other groups to provide access to investments needed to deploy clean technology projects. Hundreds of community lenders, credit unions, housing finance agencies and other institutions will finance clean technology projects in low-income and disadvantaged communities, the EPA said.
The green bank could help finance cooling centers in urban areas suffering from extreme heat, as well as charging stations for electric vehicles, retrofitting buildings and installing efficient heating and air-conditioning systems, Regan said.
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