EPA’s most important Inflation Reduction Act grant program will effectively become irrevocable Friday, shielding an important part of President Joe Biden’s climate legacy.
The agency will mark the climate law’s second anniversary by officially obligating $27 billion in awards under the Greenhouse Gas Reduction Fund (GGRF). It is EPA’s largest Inflation Reduction Act program, and it aims to support carbon-cutting projects while bolstering lower-income communities and nurturing a new ecosystem of green lenders.
EPA in April chose 68 awardees — mostly nonprofits and states — to implement three distinct GGRF programs. And the move ensures the federal government can’t renege on those contracts, even if former President Donald Trump is returned to the White House in November.
“With climate impacts increasingly impacting all Americans, and especially those in communities that have been historically left behind, EPA knew it had to move swiftly and deliberately to get this historic funding out the door,” said EPA Administrator Michael Regan in a statement.
