Raise Green is so excited for our friends who received Greenhouse Gas Reduction Fund (GGRF) awards! We are working hard at Raise Green to ensure that Awardees and communities that will be building solar, energy efficiency and EV infrastructure projects have the tools they need to open up investment to the local community and beyond via the Raise Green marketplace.
President Biden’s Inflation Reduction Act created a first-of-its-kind, national-scale program: the Greenhouse Gas Reduction Fund (GGRF), which is a $27 billion investment to mobilize financing and private capital to address the climate crisis, ensure the United States’ economic competitiveness, and promote energy independence while delivering lower energy costs and economic revitalization to communities that have historically been left behind.
According to the EPA, all of the programs funded by the GGRF “will finance clean technology deployment nationally, finance clean technology deployment in low-income and disadvantaged communities while simultaneously building the capacity of community lenders that serve those communities, and spur adoption of clean distributed solar energy that lowers energy bills for millions of Americans in low-income and disadvantaged communities.”
The Greenhouse Gas Reduction Fund is designed to:
The GGRF is comprised of three programs:
Source data: EPA.gov
The GGRF is a bold step to address climate change at the community level, and Raise Green is excited to play a role in helping to unlock private community capital. If you are an awardee or GGRF partner, we would love to connect with you. Please reach out to info@raisegreen.com.
Author: Kate Drane