EPA Announces Non-Profits to Manage $14 Billion National Clean Investment Fund

📆 04/04/2024 15:32:00
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Environment News

EPA,Non-Profits,National Clean Investment Fund

The United States Environmental Protection Agency (EPA) has selected three non-profits to manage the distribution of the $14 billion National Clean Investment Fund (NCIF), aimed at expanding clean energy projects. The fund is part of the Greenhouse Gas Reduction Fund (GGRF) and will increase access to affordable financing for clean energy technology and efficiency projects. Additionally, five non-profits will manage $6 billion in awards under the Clean Communities Investment Accelerator (CCIA). The majority of the announced capital will be directed towards low-income and disadvantaged communities.

The United States Environmental Protection Agency (EPA) announced today that three non-profits will manage the distribution of the National Clean Investment Fund (NCIF), a $14 billion fund that can help leverage additional private sector capital to significantly expand clean energy projects across the country.

The fund—a part of the Greenhouse Gas Reduction Fund (GGRF) created by the Inflation Reduction Act (IRA)—is designed to increase access to affordable financing for critical clean energy technology and efficiency projects. The EPA also announced that five non-profits will manage $6 billion in awards under the Clean Communities Investment Accelerator (CCIA). According to White House officials, 70% of the GGRF capital announced today will flow to low-income and disadvantaged communities. Vice President Kamala Harris and EPA Administrator Michael Regan will formally announce these award selections later today in North Carolin

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