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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