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Thursday, May 23, 2024

U.S. Starts ‘Green Bank’ to Finance Community Climate Projects

Eight nonprofits will distribute $20 billion in federal cash for solar installations, electric delivery vans and multifamily housing weatherization.

The Biden administration announced recipients of the climate law’s biggest grant program Thursday, kicking off a $20 billion effort to transform community lending and green the U.S. economy.

EPA will award eight initial grants under the Greenhouse Gas Reduction Fund, ranging in size from $400 million to almost $7 billion. The largest award will go to Climate United, a partnership that includes a nonprofit impact investment firm and two affordable housing lenders.

A senior administration official told reporters Wednesday that the EPA finance program would “create a first-of-its-kind national network of clean technology financing institutions that will finance tens of thousands of climate and clean energy projects in the years to come.”

Read the rest of the story at E&E News, here.

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Homeland Security Today
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.
Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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