This $27 billion fund is a first-of-its-kind program at the Environmental Protection Agency focused on rapidly deploying clean energy projects to areas of our country that have thus far been overlooked in the clean energy transition.
It will provide catalytic financial support to nonprofit lenders, states, municipalities, and Tribal Governments for projects that reduce or avoid greenhouse gas emissions and other air pollution. And it will deliver benefits like energy savings, job and business growth, and health improvements. Almost 70% of funds will flow to low-income and disadvantaged communities, and the $27 billion is
of additional capital—both critical components in meeting our country’s 2050 net zero target more equitably.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: