Greenhouse Gas Reduction Fund
On April 4, 2024, the EPA announced selection of eight applications in the first two grant competitions for GGRF funding: the National Clean Investment Fund (NCIF) and the Clean Communities Investment Accelerator (CCIA). The Coalition for Green Capital, which includes Connecticut Green Bank, was selected to receive $5 billion from the Greenhouse Gas Reduction Fund. The Justice Climate Fund (JCF) was selected to receive $1 billion in funds with Green Bank as part of their application. Connecticut Department of Energy and Environmental Protection’s Project SunBridge received $62.5 million from the Greenhouse Gas Reduction Fund (announced April 22, 2024).
National Clean Investment Fund
This $14 billion competition will fund 2-3 national nonprofits that will partner with private capital providers to deliver financing at scale to businesses, communities, community lenders, and others.
Clean Communities Investment Accelerator
This $6 billion competition will fund 2-7 hub nonprofits with plans and capabilities to rapidly build the clean financing capacity of networks of public, quasi-public (e.g. the Connecticut Green Bank), and non-profit community lenders.
Solar for All
This $7 billion competition will provide up to 60 grants to states, Tribal governments, municipalities, and nonprofits to expand the number of low-income and disadvantaged communities primed for investment.
Envisioning the Greenhouse Gas Reduction Fund
The Green Bank provided written and verbal public comments during EPA’s fund development process.
Public Engagement on the Greenhouse Gas Reduction Fund
The Green Bank offers learning opportunities including a webinar series on residential solar programs in Connecticut. See the Spotlight on Residential Solar Webinar Series.