Raw: [
As part of a push to supercharge disadvantaged communities and the green transition, the Environmental Protection Agency announced…
The post EPA Awarded $20B In Green Bank Grants For Climate Change Mitigation appeared first on Carbon Herald.
] EPA Awarded $20B In Green Bank Grants For Climate Change Mitigation Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertisingArchives Archives Select Month April 2024 (41) March 2024 (176) February 2024 (153) January 2024 (139) December 2023 (136) November 2023 (169) October 2023 (179) September 2023 (170) August 2023 (144) July 2023 (146) June 2023 (130) May 2023 (112) April 2023 (132) March 2023 (169) February 2023 (123) January 2023 (103) December 2022 (97) November 2022 (128) October 2022 (118) September 2022 (109) August 2022 (64) July 2022 (90) June 2022 (90) May 2022 (92) April 2022 (83) March 2022 (85) February 2022 (74) January 2022 (73) December 2021 (53) November 2021 (95) October 2021 (84) September 2021 (75) August 2021 (60) July 2021 (48) June 2021 (69) May 2021 (36) April 2021 (34) March 2021 (48) WingsWingsSelect CategoryCaptureCarbon AccountingCarbon Capture StocksCarbon MarketsCompaniesDaily BriefDirect Air CaptureHydrogenHydrogen StocksInterviewsInvestmentOpinionPartner ContentPolicyPress ReleaseRemovalScienceStartupsStocksTechnologyUncategorized MetaLog inEntries feedComments feedWordPress.org Carbon Herald Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertising Carbon Herald Latest EPA Awarded $20B In Green Bank Grants For Climate Change Mitigation NETL Publishes New Database For Underground Carbon Storage Sites New Viridios Report Signals Impending Supply Crunch With CORSIA Launch Biochar Life And Siam Cement Group To Revolutionize Sustainable Construction агреена zurich insurance ZS2 InvestmentPolicyEPA Awarded $20B In Green Bank Grants For Climate Change MitigationbyPetya TrendafilovaApril 8, 20242 minute read Total0Shares 0 0 0 0 0 0 0 As part of a push to supercharge disadvantaged communities and the green transition, the Environmental Protection Agency announced a major grants investment that aim to unlock development for a variety of low carbon projects. EPA announced on April 4th it awarded $20 billion in federal “green bank” grants to eight community development banks and nonprofit organizations to use on projects combating climate change in disadvantaged communities, helping to reduce emissions and bring the country closer to equality. The projects vary from residential heat pumps and other energy-efficient home improvements to electric vehicle charging stations and community cooling centers, according to the announcement. Among the eight recipients of the grants are:The Coalition for Green Capital – a nonprofit working with a nationwide network of state, local, and nonprofit green banks that received $5 billion.The Power Forward Communities – a nonprofit coalition formed by five housing, climate, and community investment groups that received $2 billion.Appalachian Community Capital, a nonprofit community development financial institution working with lenders in Appalachia that received $500 million.The Greenhouse Gas Reduction Fund – a $27 billion bank, one of many federal efforts to invest in solutions that cut planet-warming greenhouse gas emissions and address human-caused climate change.The $14 billion National Clean Investment Fund – the program granted money to three nonprofits that will partner with states and the private sector to provide affordable financing for projects across the country.The $6 billion Clean Communities Investment Accelerator – it granted money to five institutions that will work with other groups to establish hubs that make funding and technical assistance accessible to community lenders.Relevant: “Number One Priority Is How To Raise Capital For The Green Transition,” Fredrik Ekström, President Nasdaq StockholmFor each $1 of federal investment, the recipients committed to spending $7 in private sector funding to “reduce or avoid” 40 million metric tons of CO2 each year. 70% of the investment will also go for disadvantaged and low-income communities – those often passed over by commercial banks and investors and who are still disproportionately affected by climate change.“I do think this is a really important part of our national strategy to reduce greenhouse gas emissions and engage every community in the clean energy revolution… Now we just need to work very hard on implementation,” commented Maryland Sen. Chris Van Hollen for The Associated Press in an interview. Relevant: EPA Excludes Existing Natural Gas Plants From Draft Carbon Capture RulesSome Republicans in Congress were reported to oppose the green banks initiative calling it a “slush fund” and voicing concern over accountability and transparency. House Republicans passed a bill last month to repeal the bank and other parts of the president’s climate agenda. However, Connecticut’s Green Bank and others have been successful in tracking the impact of their programs and were deemed to be boosting communities that they served. 0 0 0 disadvantaged communities investmentEnvironmental Protection Agencygreen banksLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ View Comments (0)Subscribe to Our Weekly Newsletter Get the Latest News About the Carbon Industry Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. Search Recent Posts EPA Awarded $20B In Green Bank Grants For Climate Change Mitigation April 8, 2024 NETL Publishes New Database For Underground Carbon Storage Sites April 8, 2024 New Viridios Report Signals Impending Supply Crunch With CORSIA Launch April 8, 2024 Biochar Life And Siam Cement Group To Revolutionize Sustainable Construction April 8, 2024 Bipartisan Climate Caucus Asks EPA About CO2 Storage Permit Delays April 6, 2024Social Links LinkedIn Twitter Facebook Related Posts Read More CapturePolicyNETL Publishes New Database For Underground Carbon Storage Sites The National Energy Technology Laboratory (NETL) has launched a database of all the potential underground carbon storage sites.…April 8, 2024 Read More Carbon MarketsPolicyNew Viridios Report Signals Impending Supply Crunch With CORSIA Launch Viridios Capital has just published a new white paper, which looks into the kick-off of the first phase…April 8, 2024 Read More CapturePolicyRemovalBipartisan Climate Caucus Asks EPA About CO2 Storage Permit Delays Seven members of the House Bipartisan Climate Solutions Caucus have penned an official letter to the Administrator of…April 6, 2024 Read More CapturePolicyCanada Raises Its Carbon Tax To $80 Per Ton The national tax on carbon pollution in Canada has just been increased, along with the money the government…April 2, 2024 Carbon Herald About usContact UsMedia Kit Published by Net Zero Communications Ltd – Company No. 13165965 Total0Share 0 0 0