Greenhouse Gas Reduction Fund

Federal Agency

Sub-Department

TBA

Purpose

To assist communities in accelerating the deployment of low-carbon technologies and reducing or avoiding greenhouse gas emissions and other forms of air pollution.

Applicant and/or Project Eligibility Requirements

Funding is designed to provide financing and technical assistance for clean energy and energy efficiency projects. Funding is available to states, municipalities, tribes, nonprofits, and other institutions.

Decarbonization Considerations

To enhance the impact of decarbonization, consider combining clean energy projects with energy efficiency improvements, including weatherization and electrification measures. Local governments are also encouraged to collaborate with community-based organizations on public education about clean energy, zero-emission technology, and energy efficiency improvements.

Equity Considerations

At least 60% of the funds will help provide clean energy financing in low-income and disadvantaged communities. Local governments are encouraged to connect directly with community-based organizations to identify and evaluate the urgent needs of low-income and disadvantaged communities and start engaging community members to help shape the project.

Helpful Tips

This is largely considered to be a funding source for seeding green bank-type structures and investment partnerships. More guidance is forthcoming.

Other Notes

$7,000,000,000 for zero-emission technology deployment, including rooftop and community solar, in low-income and disadvantaged communities; $11,970,000,000 available for broad investments in reducing greenhouse gas emissions and promoting environmental justice; $8,000,000,000 exclusively allocated to low-income and disadvantaged communities.