Source: Evergreen Action
The GGRF is the IRA’s largest grant program and one of the most impactful programs for low-income, BIPOC, and Tribal communities.
Providing a massive $27 billion in grants, the Greenhouse Gas Reduction Fund (GGRF) is the largest grant program within the IRA. Not only does this provide a massive investment in pollution-reducing, clean energy technology, but it targets communities that have been historically overlooked and underserved and brings equity to the clean energy transition. And the program’s flexibility puts decision-making into states and communities’ hands—allowing local leadership to design and implement programing for maximum impact. This financing will have both immediate and long-lasting impact, by deploying clean energy projects in communities now, and supporting the creation of green banks that can finance clean energy projects well into the future.
The deadline to take advantage of these funds is fast-approaching: The Environmental Protection Agency (EPA) only has until September 2024 to award the money. And what follows is the potential to kick-start the transition to clean energy and reducing harmful pollution for impacted communities. It will take engagement from communities, nonprofits, financial institutions, state, local and Tribal governments to deliver transformational impact. That means equitable investment in projects and long term development strategies that prioritize benefits for historically harmed communities.
Read more: What is the Greenhouse Gas Reduction Fund?