Implementing the Greenhouse Gas Reduction Fund: investment needs, barriers, and opportunities
The Greenhouse Gas Reduction Fund (GGRF) represents an historic investment in climate resilience and equitable economic development in the United States. The GGRF, managed by the U.S. Environmental Protection Agency (EPA), will provide $27 billion in grants to state, local, and tribal governments as well as not-for-profit financial institutions to mobilize financing for projects that reduce greenhouse gas (GHG) emissions, particularly where the benefits of such projects flow to low-income and disadvantaged communities (LIDCs). This interim report focuses on analysis of investment needs in LIDCs, down to the census tract level for the three priority project categories specified in the GGRF notices of funding opportunities: distributed energy generation and storage, net-zero emissions buildings, and zero emissions transportation.
