The Biden administration has unveiled a $20 billion investment plan to support clean energy projects, aiming to address historic underinvestment in communities.
Vice President Kamala Harris emphasized the urgency of the climate crisis, acknowledging its disproportionate impact on disadvantaged communities, including those of color, rural areas, and native communities.
“The climate crisis impacts everybody, but it does not impact all communities equally,” Harris said. “Poor communities, rural communities, native communities and communities of color are often the hardest hit and the least able to recover.”
The funding will be distributed through two grant competitions, the National Clean Investment Fund and the Clean Communities Investment Accelerator, with $14 billion and $6 billion allocated, respectively.
According to NBC News, the projects will include initiatives like installing electric vehicle charging stations, retrofitting energy-efficient homes, and providing battery backup power.
The application deadline is set for October 12, 2023, with selections planned for March 2024 and project implementation starting as early as July 2024.
Eunice is a sustainability writer whose passion is sharing accessible eco-friendly practices with GreenCitizen's global readership. She enjoys birdwatching during her downtime, often deriving inspiration from nature's resilience. An enthusiastic cyclist, she is also an ardent advocate of eco-friendly transport.
Renewable Energy ,
Biden Administration Unveils $20 Billion Funding for Clean Energy Projects
by : Eunice Rodriguez | Published: July 18, 2023
The Biden administration has committed $20 billion to clean energy initiatives, focusing on underinvested communities.
The Biden administration has unveiled a $20 billion investment plan to support clean energy projects, aiming to address historic underinvestment in communities.
Vice President Kamala Harris emphasized the urgency of the climate crisis, acknowledging its disproportionate impact on disadvantaged communities, including those of color, rural areas, and native communities.
The funding will be distributed through two grant competitions, the National Clean Investment Fund and the Clean Communities Investment Accelerator, with $14 billion and $6 billion allocated, respectively.
According to NBC News, the projects will include initiatives like installing electric vehicle charging stations, retrofitting energy-efficient homes, and providing battery backup power.
The application deadline is set for October 12, 2023, with selections planned for March 2024 and project implementation starting as early as July 2024.
More inspiring green news similar to this:
Eunice Rodriguez
Eunice is a sustainability writer whose passion is sharing accessible eco-friendly practices with GreenCitizen's global readership. She enjoys birdwatching during her downtime, often deriving inspiration from nature's resilience. An enthusiastic cyclist, she is also an ardent advocate of eco-friendly transport.
Quick Links
Green Living Guides
Green Jobs
Inspiring Green News
Green Directory
Green Store
Electronics Recycling
Category: