EPA announces eight selections under the Greenhouse Gas Reduction Fund’s National Clean Investment Fund and Clean Communities Investment Accelerator through President Biden’s Investing in America agenda– , April 4, the U.S.
When her water heater died, Mildred Carter in DeSoto, Georgia could not immediately afford to replace it. With the support ofcoalition member Rewiring America, Mildred was enrolled in a whole-town demonstration program that would combine Georgia Power incentives of up to $5,000 with philanthropic support for energy efficiency upgrades in her home. Her brand-new heat pump water heater was installed on December 23, just in time for the holidays.partner, recently led the charge on a $5.
Together, the eight selected applicants have committed to delivering on the three objectives of the Greenhouse Gas Reduction Fund: reducing climate and air pollution; delivering benefits to communities, especially low-income and disadvantaged communities; and mobilizing financing and private capital. As part of this collective effort, selected applicants have committed to:
These commitments have been taken or derived from the application packages that selected applicants submitted to EPA and adjusted for the amount of funding received. Moving forward, EPA will work with selected applicants to revise their application packages into workplans that reflect formal commitments through the award agreements.
said U.S. Senator Chris Van Hollen, who first introduced legislation to create a national green bank in 2009 when he was a member of the U.S. House of Representatives. “We are honored to be one of the awardees under the National Clean Investment Fund and are grateful to the congressional champions, the Biden-Harris Administration, and the EPA for bringing this historic program to life,”. “The Greenhouse Gas Reduction Fund presents a once-in-a-lifetime opportunity to tackle the climate crisis while building a stronger economy for all Americans. An equitable energy transition is the challenge of our time, and we’re ready to get to work.
“This initial funding can unlock billions of dollars of additional private capital to make the housing sector a key contributor to meeting our climate goals—and make the climate imperative a new driver of affordable and healthy housing solutions.”
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