EPA Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities

EPA Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities

The U.S. Environmental Protection Agency (EPA) announced the selections for $20 billion in awards under two competitions within the $27 billion Greenhouse Gas Reduction Fund (GGRF),  including three selections under the $14 billion National Clean Investment Fund and five selections under the $6 billion Clean Communities Investment Accelerator. According to EPA’s press release, these awards “will create a national clean financing network for clean energy and climate solutions across sectors, ensuring communities have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy. By financing tens of thousands of projects, this national clean financing network will mobilize private capital to reduce climate and air pollution while also reducing energy costs, improving public health, and creating good-paying clean energy jobs in communities across the country, especially in low-income and disadvantaged communities.”

Members can find more information about the grantees and opportunities available for your communities in the following resources:

  • Press ReleasesWhite HouseEPAPower Forward (via Enterprise Community Partners & Local Initiatives Support Corporation (LISC)) and the Opportunity Finance Network (OFN).
  • NCIF and CCIA Fast Facts: HERE
  • Inflation Reduction Act Guidebook: This guidebook provides an overview of the clean energy, climate mitigation and resilience, agriculture, and conservation-related tax incentives and investment programs in the Inflation Reduction Act.
  • HUD Funding Navigator: Find hundreds of available Inflation Reduction Act, Bipartisan Infrastructure Law, and other programs across a range of federal agencies in these categories: Energy Efficiency and Renewables, Utility Scale Energy, Resiliency, Lead and Healthy Housing, Brownfield and Waste Management, Transportation, Broadband, Workforce Development and Environmental Justice.