New details show the Greenhouse Gas Reduction Fund will help protect families, create jobs, and reach climate goals

(Washington, D.C. – April 20, 2023) EPA discloses proposed implementation framework for date Greenhouse Gas Reduction Fund. Created under the Inflation Control Act, the fund will host national competitive grant programs that will provide $27 billion for clean energy projects — through partnerships with private sector companies and nonprofit lenders, as well as through funding specifically for solar energy development in low-income neighborhoods. low and disadvantaged.

said Ted Kelly, senior attorney for energy markets and regulation at the Environmental Defense Fund. “New details released by the EPA recently about the Greenhouse Gas Reduction Fund reinforce how important this program is in helping us reach our climate goals — and especially in ensuring that we include communities that have historically been most burdened by pollution as we make progress toward those goals.”

The EPA will hold Six public hearings on the proposed framework for implementation over the next two weeks and will accept public comments until May 12. The EPA plans to begin accepting applications for grant programs as early as June.