E&E News | US starts ‘green bank’ to finance community climate projects
April 4, 2024
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.
