About the Greenhouse Gas Reduction Fund
The Inflation Reduction Act authorized the Environmental Protection Agency (EPA) to implement the Greenhouse Gas Reduction Fund (GGRF) — a $27 billion investment to mobilize financing and private capital to address the climate crisis, ensure our country’s economic competitiveness, and promote energy independence while delivering lower energy costs, and economic revitalization to communities most impacted by climate change.
The $14 billion National Clean Investment Fund (NCIF) competition is one of three competitions under the GGRF, the others being the Clean Communities Investment Accelerator (CCIA) and Solar for All. We have applied directly for the NCIF program and are closely coordinated with applicants to the other two competitions. The NCIF will provide grants to two to three national nonprofit clean financing institutions capable of partnering with the private sector to provide accessible, affordable financing for tens of thousands of clean technology projects across the country, with a priority focus in Justice40, Tribal, and rural communities.
The GGRF presents a once in a lifetime opportunity to tackle the climate crisis while building a stronger economy for all Americans. With extensive experience, durable infrastructure, and deep roots in communities across the country, Climate United has a robust and actionable strategy to drive investments that will make the benefits of the clean energy transition clear to millions of people by creating jobs, lowering energy bills, and improving the air we breathe.