The Greenhouse Gas Reduction Fund has the Power to Help America’s Underserved Communities

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The Greenhouse Gas Reduction Fund (GGRF) is the Inflation Reduction Act’s game-changing climate financing program that is geared to invest billions in clean energy in underserved communities across the nation.

The GGRF will not only fight climate change, but it will also bring green jobs, economic investment, and access to clean energy technology to communities where they’ve been historically overlooked.

Administered by the Environmental Protection Agency (EPA), the GGRF is positioned to be one of the most impactful climate programs for America’s underserved and overlooked communities. With the power of its $27 billion budget, the GGRF is able to help America reach its international climate commitments through community-based investments that will elevate environmental justice, bring economic growth, and advance the transition to a low-carbon society.
We are at a critical point in history and the GGRF provides us with a stepping stone that we need to mobilize individuals, entities, and sectors, together alongside the transition into a more sustainable future instead of against it.
In this article, we will guide you on how the GGRF funding is being distributed and what this funding means for America’s underserved communities.

Federally Funded Climate Solutions for America’s Communities

The climate crisis threatens our health, our neighborhoods, and our pocketbooks. However, these burdens are felt disproportionately, and communities that have been historically left behind feel the climate crisis’ worst effects.
The GGRF provides significant funding - $27 billion - to specifically help America’s historically underserved communities by scaling clean energy technology for the homes and businesses within them. The primary goals of the GGRF include:
  • Delivering lower costs and economic gains to historically marginalized communities.
  • Radically reducing greenhouse gas emissions and other air pollutants.
  • Growing America's climate solution industry and scaling clean technology nationwide.
We also want to point out that the GGRF isn’t designed like a typical grant program since it will not provide grants directly to the projects themselves. Instead, these GGRF grant funds are provided to eligible states, tribes, territories, municipalities, and non-profit entities, and they will ultimately decide what project would work best to scale air pollution reduction projects in their own communities.
The GGRF’s $27 billion will be distributed and divided among three grant competitions – Solar for All, the National Clean Investment Fund, and the Clean Communities Investment Accelerator.
  • Solar for All: This $7 billion grant competition can award up to 60 grants to states, territories, Tribal governments, municipalities, and eligible non-profits toward bolstering low-income households and disadvantaged communities for distributed solar investment. The grantees will expand existing low-income solar programs or design and deploy new Solar for All programs nationwide. The deadline for grant application packages is September 26th, 2023.
  • National Clean Investment Fund: In this grant competition, $14 billion is earmarked toward funding 2-3 national non-profits to help catalyze tens of thousands of clean energy technology projects throughout the country. Grantees are expected to partner with private capital providers to inexpensively provide clean technology to communities, businesses, community lenders, and others. The deadline for grant application packages for the National Clean Investment Fund is October 12th, 2023.
  • Clean Communities Investment Accelerator: Launched alongside the National Clean Investment Fund, this grant competition will provide $6 billion in funding to 2-7 non-profit organizations that can help give loans to communities to pay for clean technology projects, like solar panels or energy-efficient buildings, so that everyone can have access to them and help reduce pollution. The deadline for grant application packages for the Clean Communities Investment Accelerator is October 12th, 2023.
The GGRF’s National Clean Investment Fund Competition and the Clean Communities Investment Accelerator, launched their grant competitions last week in Baltimore, Maryland. These grant competitions are accepting applications until October 12th, 2023.
The GGRF’s National Clean Investment Fund Competition and the Clean Communities Investment Accelerator, launched their grant competitions last week in Baltimore, Maryland. These grant competitions are accepting applications until October 12th, 2023.

While each individual grant competition fund is enormous in its own right, we’d like to emphasize that these large climate financing sums will attract even larger investments that will ultimately reinforce the positive benefits that these grant competitions are poised to bring. For instance, the jointly launched grant competitions – the National Clean Investment Fund competition and the Clean Communities Investment Accelerator – will see their combined $20 billion in government funding be leveraged to create $250 billion in combined public and private co-investment over the next decade.
However, as the 2024 federal budget comes into shape, the GGRF is also in the legislative crosshairs of some politicians who want to cut it in order to save government spending. We think that politicians who oppose the GGRF are blind to its potential. The GGRF has the ability to bring systematic change to communities, create jobs, and battle climate change! A recent report highlights that these GGRF investments are expected to reduce 850 metric megatons of greenhouse gas emissions and create 1,000,000 direct jobs over the next decade.

The Climate Crisis is a Community Crisis

The Green For All team at Dream understands that the extreme effects of climate change are felt by all communities, but we want to emphasize that communities that are low-income, rural, and communities of color, are feeling the worst of it. Federally funded climate programs, such as the GGRF, will go a long way in catalyzing economic investment in these afflicted communities and can help to address some historical wrongs, such as redlining, where differences in race and ethnicity left communities of color with less access to public and private resources than white communities. We're eager to partner with communities, lenders, and other non-profit organizations to help implement these funding programs in a way that centers community voices, maximizes benefits for disadvantaged communities, and makes for meaningful progress toward climate goals. “The positive ripple effects of the Greenhouse Gas Reduction Fund cannot be overstated,” said Jessie Buendia, Green For All National Director at Dream: “By empowering communities and individuals to witness a wave of economic growth, improved health outcomes, and increased resilience.
Dream is proud to stand alongside the EPA and the Biden Administration in championing these innovative initiatives, and we are committed to working collaboratively to build a more sustainable and inclusive future for all.” The GGRF represents a much-needed introduction of climate financing, economic investment, and renewed hope in America’s underserved communities. Contact us to learn more about Partnership opportunities, and visit our website to get involved.

  • Laydi2

    46 w a Fall Guys ripoff, is currently number one on the free iPhone game charts in both the US and the UK.

    • bonke reinhard

      46 w

      Enough has been said and now we can all see the actions being implemented ,what a milestone

      Welcome, let's solve the climate crisis together
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