EPA Releases Framework for the Implementation of the Greenhouse Gas Reduction Fund as
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EPA will hold three complementary grant competitions to invest $27 billion, putting public and private capital to work in communities combatting climate change
WASHINGTON (April 19, 2023) – Today, the U.S. Environmental Protection Agency (EPA) released new details about the design of the $27 billion Greenhouse Gas Reduction Fund (GGRF), a first-of-its-kind, national-scale competitive grant program created by the President’s Inflation Reduction Act. This program, part of the Investing in America agenda, will leverage public investment with private capital and finance clean energy projects that reduce pollution and energy costs, increase energy security, and create good-paying jobs, especially in low-income and disadvantaged communities and places that have historically shouldered the burden of harmful pollution. The GGRF will catalyze investment in thousands of clean energy projects, build the capacity of community lenders to drive local economic growth, and deploy cost-saving solar…
