The EPA is issuing $20 billion in grants under a program reducing greenhouse gas emissions in disadvantaged communities
is issuing $20 billion in grants under a program reducing greenhouse gas emissions in disadvantaged communities – allocating the majority of funds that were obligated under the Inflation Reduction Act.in Charlotte, North Carolina, in an effort to tout the impacts of the Biden administration’s historic climate investments. The applicants receiving funding will operate under two programs within the Greenhouse Gas Reduction Fund, which was created by the IRA.
“When President Biden and I made the largest investment in our nation’s history to address the climate crisis and to build a clean energy economy, we made sure that every community would be able to participate and benefit,” Harris said in a written statement. “The grantees announced today will help ensure that families, small businesses, and community leaders have access to the capital they need to make climate and clean energy projects a reality in their neighborhoods.
The grants will be issued under two competitions. The first one is the National Clean Investment Fund, which will establish financing institutions that will aim to fund clean technology projects across the country, in hopes of mobilizing private investment into the projects. The awardees include the nonprofit organizations Climate United Fund, Coalition for Green Capital, and Power Forward Communities.
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