EIERA provides environmental solutions through finance, research, and technical assistance. We benefit the environment, the economy, and our partners.
Greenhouse Gas Reduction Fund
The Inflation Reduction Act authorized the EPA to create and implement the Greenhouse Gas Reduction Fund (GGRF), a historic $27 billion investment to combat the climate crisis by mobilizing financing and private capital for greenhouse gas- and air pollution-reducing projects in communities across the country. The Solar for All completion which launched June 28, 2023 will advance three overarching GGRF program objectives:
- Reduce emissions of greenhouse gases and other air pollutants
- Deliver benefits of greenhouse gas- and air pollution-reducing projects to American communities, particularly low-income and disadvantaged communities
- Mobilize financing and private capital to stimulate additional deployment of greenhouse gas- and air pollution-reducing projects
In addition to the $7 billion Solar for All competition, EPA will also launch a $14 billion National Clean Investment Fund (NCIF) grant competition to expand deployment of clean technologies at a national scale and a $6 billion Clean Communities Investment Accelerator (CCIA) grant competition to build local clean financing capacity through community lenders. EPA plans to release the NOFOs for these two competitions in the coming weeks.
Together, the Greenhouse Gas Reduction Fund’s National Clean Investment Fund, the Clean Communities Investment Accelerator, and Solar for All competitions will spur the deployment of residential solar energy to lower energy bills for millions of Americans, provide resilient and clean power to communities, and catalyze transformation in markets serving low-income and disadvantaged communities.
More details regarding funding will be available here as they become available.
If you have ideas for any potential projects, please contact the EIERA at: firstname.lastname@example.org
Learn more about EIERA and our programs at the following links: