In response to the Biden-Harris Environmental Protection Agency’s (EPA) announcement of a historic $20 billion dollar for two competitive grant programs through the Inflation Reduction Act’s (IRA) Greenhouse Gas Reduction Fund (GGRF), Evergreen Action Executive Director Lena Moffitt released the following statement:

“With $20 billion in competitive grants announced today, the Greenhouse Gas Reduction Fund is poised to change the game for clean tech funding in communities across the country. Evergreen called for a national green bank, a concept that eventually became the GGRF, because of the urgent need for low cost financing to supercharge the clean energy transition, particularly in disadvantaged communities that have historically been left behind by traditional private funding entities.

“The proven success of state and local green banks across the country has charted a path for the GGRF to make a powerful impact on America’s clean energy future. Congratulations to Administrator Regan, Vice President Harris, and the entire team at EPA that has worked to reach this important milestone.”

The Inflation Reduction Act’s (IRA) largest grant program is the Greenhouse Gas Reduction Fund (GGRF). Evergreen called for a program like the GGRF (at times referred to as a green bank or clean energy accelerator) dating back to the release of the Evergreen Action Plan, and fought to secure funding for the GGRF in the IRA. To learn more about the GGRF and why it’s a big deal for the clean energy future of states, local governments, and Tribes, read Evergreen’s explainer here.

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