Greenhouse Gas Reduction Fund

vvEPA

The Greenhouse Gas Reduction Fund (GGRF) is a historic new EPA program created
by President Biden's Inflation Reduction Act. This first-of-its kind program will
provide nearly $27 billion in competitive grants to mobilize financing and lever-
age private capital for clean energy and climate projects that reduce greenhouse
gas emissions - with an emphasis on projects that benefit low-income and
disadvantaged communities.

The Greenhouse Gas Reduction Fund has the following program objectives:

1.	Reduce greenhouse gas emissions and other air pollution;

2.	Deliver the benefits of greenhouse gas and air pollution reducing projects in low-
income and disadvantaged communities; and

3.	Mobilize financing and private capital to stimulate additional deployment of
greenhouse gas and air pollution reducing projects.

The Greenhouse Gas Reduction Fund will be implemented via two grant competitions that
will lower energy bills, reduce pollution, and leverage private capital to combat climate change
and create economic opportunity for American communities. EPA anticipates opening compe-
titions for funding under this program in early summer 2023.

www.epa.gov/ggrf

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General and Low-Income and Disadvantaged Communities Competition

This competition will award $19.97 billion in competitive grants to create a national network of eligible
non-profit entities who will facilitate the technical assistance and capacity building necessary to strengthen the
ecosystem of community-based organizations, small businesses, workers, suppliers and financial institutions
required to accelerate the transition to an equitable net-zero economy and catalyze the jobs of the future. These
grantees will partner with community financing institutions like state, local and independent green banks,
community development financial institutions, credit unions, and others to enable investments in projects that
reduce pollution and lower energy costs - particularly in low-income and disadvantaged communities. EPA
expects to make between 2 and 15 grants under this competition.

Zero-Emissions Technologies Competition

This competition will award $7 billion in competitive grants to
states, tribes, municipalities, and eligible non-profit entities to
enable the deployment of residential rooftop solar, community
solar and associated storage and upgrades in low-income and
disadvantaged communities - so that all families have access to
low-cost clean energy. EPA expects to make up to 60 grants under
this competition.

What does the Greenhouse Gas Reduction Fund mean for my community?

The Greenhouse Gas Reduction Fund is a transformative investment in American communities. For too long, a
lack of access to capital has prevented communities from embracing tested technologies and strategies that lower
energy bills, cut pollution and create good paying jobs. The Greenhouse Gas Reduction Fund will make grants
that facilitate access to financing and technical assistance across the country, enabling communities to respond to
the threat of climate change, build resiliency, and invest in environmental justice.

How will Greenhouse Gas Reduction Fund dollars flow into projects?

Unlike a typical grant program, EPA will not provide grants directly to projects. Rather, EPA will provide grants
to eligible states, tribes, territories, municipalities and nonprofit entities and those grantees will then provide
loans, grants, and other forms of financial and technical assistance to eligible projects. Communities, small
businesses, and individual households will be able to seek funding from these grantees and the indirect recipients
they fund, like green banks, community development financial institutions, credit unions, and others.

Is my community or project eligible for Greenhouse Gas Reduction Fund funding?

EPA is working diligently to design these two historic grant competitions in a way that transparently and inclu-
sively invests public dollars while delivering benefits to communities. The Agency expects to release Notice of
Funding Opportunities for these competitions in early summer 2023, which will clarify the details of each fund-
ing opportunity and further details about project eligibility.

Find the latest updates at www.epa.gov/ggrf

www.epa.gov/ggrf

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