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Green Bank

All articles tagged with #green bank

climate1 year ago•1 min saved

"US Government Allocates $20 Billion for Community Climate Projects through 'Green Bank' Funding"

The Environmental Protection Agency plans to award $20 billion in grants to eight nonprofits, ranging from $500 million to $6.9 billion, to spur clean energy projects in overlooked communities. The funds will be used to offer loans to businesses, homeowners, and others to promote clean energy across the country, particularly in low-income neighborhoods, with the goal of financing community-based climate projects.

via The New York Times|

#clean-energy #climate #climate-projects

energy-and-environment2 years ago•4 min saved

"Biden Administration Launches $20 Billion 'Green Bank' Initiative to Combat Climate Change"

The Biden administration is making $20 billion available from a federal "green bank" for clean energy projects, with a focus on disadvantaged communities. Two programs, worth $14 billion and $6 billion, respectively, will offer competitive grants to nonprofits and other groups to invest in clean energy projects. The grants will accelerate the deployment of clean energy in underserved communities and promote environmental justice. The projects funded could include residential heat pumps, electric vehicle charging stations, and community cooling centers. The green bank is expected to unlock private investment and signal the types of investments needed for a clean energy transition. Republicans have criticized the green bank as a taxpayer-funded "slush fund," but officials assure rigorous reporting and accountability.

via The Associated Press|

#biden-administration #clean-energy-projects #disadvantaged-communities

energy-transition2 years ago•1 min saved

US pledges $100 million for Caribbean green energy transition and security initiatives.

The United States Agency for International Development (USAID) plans to spend $20 million to support the Caribbean's transition to renewable energy and address climate change impacts. The initiative will also form the Blue-Green Investment Corporation, which will work with Barbados, the Green Climate Fund, and private sector entities to form a "green bank." The purpose of the bank will be to finance projects such as climate resilient housing, renewable energy, clean transportation, and water conservation. An additional $1.5 million will be committed to the Caribbean Community Climate Change Centre.

via The Daily Wire|

#caribbean #climate-change #energy-transition