"Biden Administration Allocates $20 Billion for Clean Energy and Climate Solutions Nationwide"

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Source: The White House
"Biden Administration Allocates $20 Billion for Clean Energy and Climate Solutions Nationwide"
Photo: The White House
TL;DR Summary

The Biden-Harris Administration has announced $20 billion in awards to fund climate and clean energy projects across the U.S., with a focus on low-income and disadvantaged communities. This investment, part of the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, aims to combat climate change, improve air quality, lower energy costs, and create jobs. The program will ensure that communities have access to capital for a cleaner, more sustainable economy. The awards will be deployed through two programs, the National Clean Investment Fund and the Clean Communities Investment Accelerator, with a focus on supporting projects such as clean power generation, net-zero retrofits, and zero-emission transportation. Additionally, the administration has implemented various innovative tools and programs to empower communities to participate in building the clean energy economy.

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