Biden-Harris Administration Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities Across America
Summary
The $20 billion going to these eight recipients illustrates how the Inflation Reduction Act is investing today to secure a cleaner, healthier planet for tomorrow.Vice President Kamala Harris and EPA Administrator Michael S. Regan will announce the selections under these two grant competitions in Charlotte, North Carolina. "In 2009 Congressmen Chris Van Hollen of Maryland and Ed Markey of Massachusetts obtained bipartisan support for capitalizing a public investing institution to partner with private investors in expediting the construction of the clean power platform that must be the foundation of American dynamism in this century. HUD is very thankful for our very close partnership with EPA over the past year to ensure that the Greenhouse Gas Reduction Fund includes these essential investments.President Bidens Investing in America agenda has equity as its North Star, centering on communities too often left out of the conversation. Im proud of this bold investment in communities across America and New York and confident todays announcement will have positive reverberations for generations to come.Working with President Biden, House Democrats passed the Inflation Reduction Act to strike a dramatic blow against the climate crisis, set our planet on a sustainable trajectory forward and stand up a clean energy economy. The Greenhouse Gas Reduction Fund is a first-of-its-kind program that will save Americans money on their utility bills, create hundreds of thousands of new good-paying jobs, and protect our communities from the worst impacts of catastrophic climate change.