GGRF

April 20, 2023

Climate Change Funding

 

EPA will hold three complementary competitions to strategically distribute grant funding under the $27 billion Greenhouse Gas Reduction Fund program. EPA will implement these programs in alignment with the President’s Justice40 Initiative and expects to open competitions for funding under the Greenhouse Gas Reduction Fund by the summer of 2023.

The goal is to ensure that households, small businesses, schools, and community institutions in low-income and disadvantaged communities have access to financing for cost-saving and pollution-reducing clean technology projects. EPA aims to deliver tangible benefits, including lower energy costs, good-paying jobs, and improved public health outcomes to households, businesses, and communities. The three competitions will be:

  • The$14 billion National Clean Investment Fund competition will fund two to three national non-profits that will partner with private capital providers to deliver financing at scale to businesses, communities, community lenders, and others, catalyzing tens of thousands of clean technology projects to accelerate our progress towards energy independence and a net-zero economic future.
  • The $6 billion Clean Communities Investment Accelerator competition will fund two to seven hub non-profits with the plans and capabilities to rapidly build the clean financing capacity of specific networks of public, quasi-public, and non-profit community lenders.
  • The$7 billion Solar for All competition will provide up to 60 grants to States, Tribal governments, municipalities, and non-profits to expand the number of low-income and disadvantaged communities primed for residential and community solar investment. The goal is to enable millions of families to access affordable, resilient, clean solar energy.

 

EPA Feedback and Listening Sessions

EPA invites written technical feedback and comments on the competition descriptions as the Agency prepares the program for release as early as June 2023. Stakeholders may send their written feedback to  by 11:59 pm ET on May 12. Over the next two weeks, EPA will convene six public listening sessions on this implementation framework. Listening session details and other information about the program are on the GGRF website.

 

Additional Greenhouse Gas Reduction Resources

 

 

 

Posted by Diane Samuels at 5:08 pm