The U.S. Environmental Protection Agency (EPA) has announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created under the Inflation Reduction Act (IRA) as part of President Biden’s Investing in America agenda.
The three selections under the $14 billion National Clean Investment Fund and five selections under the $6 billion Clean Communities Investment Accelerator will create a national clean financing network for clean energy and climate solutions across sectors, ensuring communities have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.
By financing tens of thousands of projects, this national clean financing network will mobilize private capital to reduce climate and air pollution, while also reducing energy costs, improving public health and creating good-paying clean energy jobs in communities across the