EPA Announces Initial Program Design of Greenhouse Gas Reduction Fund
The Inflation Reduction Act allows for communities to combat climate change, and thus create economic prosperity for all.
According to the United States Environmental Protection Agency, “thanks to President Biden’s Inflation Reduction Act, the Greenhouse Gas Reduction Fund will unlock historic investments to combat the climate crisis and deliver results for the American people, especially those who have too often been left behind. The initial program design announced today will ensure the fund fulfills its mandate to deliver benefits to all in a transparent and inclusive fashion,” said EPA Administrator Michael S. Regan. “With $27 billion from President Biden’s investments in America, this program will mobilize billions more in private capital to reduce pollution and improve public health, all while lowering energy costs, increasing energy security, creating good-paying jobs and boosting economic prosperity in communities across the country.”