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‘Transformational’: could America’s new green bank be a climate gamechanger?

The Guardian · Joan E Greve · last updated

Buried on page 667 of the Inflation Reduction Act is a climate policy that has been in the making for more than a decade. The Greenhouse Gas Reduction Fund provides $27bn in funding for projects aimed at lowering America’s planet-heating emissions.

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Related Knowledge Center: Climate legislation

State of Play

The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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