The Inflation Reduction Act gave the Environmental Protection Agency the authority to create and carry out the Greenhouse Gas Reduction Fund (GGRF). This initiative is a groundbreaking $27 billion investment in the fight against climate change by fostering private capital and green financing to fund greenhouse gas- and air pollution-reducing projects in communities across America.
This fund has three core programs: the National Clean Investment Fund, Clean Communities Investment Accelerator, and Solar for All. The GGRF's innovative approach and diverse tools not only make clean energy more accessible to underserved communities but also promote affordability, thereby stimulating economic growth and reducing national energy costs. By speeding the transition away from greenhouse gas-powered energy, the GGRF exemplifies how large-scale investments in climate can yield substantial environmental, economic, and social benefits, making it a model for future climate action policies.
Read more about the Greenhouse Gas Reduction Fund below:
