America’s largest-ever clean energy investment in low-income and disadvantaged communities will soon be deployed. Leveraged effectively, this investment — $20 billion from the EPA-administered Greenhouse Gas Reduction Fund (GGRF) — will deliver not just clean energy, but a transformation of financial markets.
On April 4, 2024, the Environmental Protection Agency (EPA) announced awardees in the two main GGRF programs: the $14-billion National Clean Investment Fund and the $6 billion Clean Communities Investment Accelerator. (Awardees in the third GGRF program, Solar For All, will be revealed later.) Here’s what you need to know about these awards — and what comes next:
