Tag: Greenhouse Gas Reduction Fund

$20 billion from EPA’s Greenhouse Gas Reduction Fund builds local climate capacity

Stuart Mitchell

The US Environmental Protection Agency (EPA) announced that it has awarded $20 billion to green banks, financial institutions, and nonprofit organizations for projects combating climate change in disadvantaged communities. Through the Greenhouse Gas Reduction Fund (GGRF), thousands of communities will now receive funding for critical infrastructure and quality of life improvements like heat pumps, electric vehicle charging stations, and community cooling centers. The GGRF is the single largest non-tax investment in the Inflation Reduction Act benefitting historically disadvantaged communities, and selected recipients of these funds have committed to reducing or…

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Ceres applauds Greenhouse Gas Reduction Fund awards as a key moment for environmental justice and clean energy investment

Stuart Mitchell

Ceres congratulates the awardees of National Clean Investment Fund and Clean Communities Investment Accelerator, two programs under the U.S. Environmental Protection Agency’s Greenhouse Gas Reduction Fund that are designed to accelerate additional private sector investment in cost-saving clean technology deployment across the U.S., especially in underinvested and environmentally overburdened communities.  The Greenhouse Gas Reduction Fund is a $27 billion program included in the Inflation Reduction Act of 2022 to spur clean energy investment and economic revitalization in low-income and heavily polluted communities. The EPA today announced eight awardees for two…

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EPA’s Greenhouse Gas Reduction Fund an opportunity to advance environmental justice and extend clean energy benefits to all

Stuart Mitchell

Ceres Director of Federal Policy Zach Friedman issued the following statement after the U.S. Environmental Protection Agency issued its initial guidance for the $27 billion Greenhouse Gas Reduction Fund, a measure within the Inflation Reduction Act designed to spur clean energy investment and deployment in low-income and marginalized communities:  “The Greenhouse Gas Reduction Fund is a key financing tool within the Inflation Reduction Act that provides a clear market signal for investors and companies to empower the communities that have been too often ignored yet are most at risk from…

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