Time To Double Down On The Greenhouse Gas Reduction Fund
Highlights
The Inflation Reduction Act of 2022 included $27 billion for the GHGRF, which is to be used through September 30, 2024 for grants and loans to support clean energy investments
In mid-October, the EPA charged the EFAB to evaluate the objectives, program structure,and execution, reporting, and accountability of the GHGRF. On Jan. 3, 2023, the EFAB delivered its guidance on options for the EPA to consider when designing, executing, and evaluating the GHGRF
While GHGRF funds are supposed to start flowing next month, there is a lot of work that still needs to be done to develop an efficient and effective program. The stakes could not be higher, and it is critical for EPA to take the time it needs to ensure that the full economic and environmental benefits of this historic investment are realized by all Americans
Green lending refers to the practice of providing financial support, in the form of loans or investments, to fund projects or activities that have a positive environmental impact. This can include renewable energy projects, energy efficiency improvements and other activities that reduce greenhouse gas emissions or have other environmental benefits.
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