Greenhouse Gas Reduction Fund | US EPA

The Reducing Inflation Act amended the Clean Air Act to create a new program: the Greenhouse Gas Reduction Fund. This one-of-a-kind program will provide competitive grants to leverage funding and mobilize private capital for clean energy and climate projects that reduce greenhouse gas emissions – with a focus on projects that benefit to low-income and disadvantaged communities — and further the Biden — the Harris administration’s commitment to environmental justice.

The Greenhouse Gas Reduction Fund is an unprecedented opportunity to accelerate the adoption of greenhouse gas reduction technologies and position the United States to compete and win the 21st century economy.

EPA Administrator Michael S. Regan.

The Greenhouse Gas Reduction Fund provides $27 billion to the EPA for expenditures through September 30, 2024. This includes:

  1. $7 billion for competitive grants to enable low-income and disadvantaged communities to deploy or benefit from zero-emissions technologies, including technologies distributed on residential rooftops;
  2. Nearly $12 billion for competitive grants to eligible entities to provide financial and technical assistance to projects that reduce or avoid greenhouse gas emissions; and
  3. $8 billion for competitive grants to eligible entities to provide financial and technical assistance to projects that reduce or avoid greenhouse gas emissions in low-income and disadvantaged communities.

EPA is launching a coordinated stakeholder engagement strategy to help shape the implementation of the Greenhouse Gas Reduction Fund and ensure that all Americans enjoy the full economic and environmental benefits of this historic investment.

Opportunities for public participation

EPA is beginning a series of listening sessions to allow members of the public and key stakeholder groups to provide information to EPA staff on the implementation of the Greenhouse Gas Reduction Fund.

National Public Listening Session – Tuesday, November 1, 2022

7:00-9:00 p.m. Eastern Time

National public listening session – Wednesday, November 9, 2022

7:00-9:00 p.m. Eastern Time

Information request

EPA has issued a Request for Information (RFI) seeking public comment on key aspects of the design of the Greenhouse Gas Reduction Fund. This notice will be open for 45 days, until December 5, 2022. The EPA encourages all written comments about the program to be submitted in response to the RFI.

Solicit expert input

EPA presented a series of formal encumbrance questions for expert review and comment at the Oct. 18-19 meeting of the Environmental Finance Advisory Board (EFAB). EFAB will submit its recommendations to the Agency by December 15, 2022.

About the Environmental Finance Advisory Board (EFAB)

The EFAB is a federal advisory board that provides advice and recommendations to the EPA Administrator and regional and program offices on ways to reduce costs and increase investment in environmental protection and public health. EFAB includes a number of clean energy and climate finance experts, including leaders from green banks and community financial institutions; state and local government officials; business and industry representatives; and members of environmental, tribal, and non-governmental organizations, among others.

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