EPA awards $20 billion in green bank grants for clean energy projects nationwide
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team The U.S. Environmental Protection Agency (EPA) is awarding $20 billion in grants for clean energy projects combating climate change. The funds come from two programs, the Greenhouse Gas Reduction Fund, and the "green bank" created in the Biden administration's climate law passed in 2022. The bank is part of federal efforts to reduce greenhouse gas emissions. Despite opposition from House Republicans, they passed a bill last month to repeal the bank and other parts of President Joe Biden's climate agenda.
Published : a month ago by in Environment
DETROIT (AP) — The U.S. Environmental Protection Agency is awarding $20 billion in grants for clean energy projects combating climate change, including residential heat pumps, electric vehicle charging stations and community cooling centers. The funds come from two programs that are part of the “green bank” created in the Biden administration’s landmark climate law passed in 2022. Formally known as the Greenhouse Gas Reduction Fund, the bank is part of federal efforts to cut planet-warming greenhouse gas emissions. The funds are being awarded despite opposition from House Republicans, who passed a bill last month to repeal the bank and other parts of President Joe Biden’s climate agenda.
Topics: ESG