News
White House Awards $20 Billion to Nation’s First ‘Green Bank’ Network
At least 70 percent of the funds will go to disadvantaged communities, the administration said, while 20 percent will go to rural communities and more than 5 percent will go to tribal communities.
By Kristoffer Tigue
The Biden administration on Thursday announced it was creating the nation’s first “green bank” network, an historic $20 billion investment aimed at making clean energy affordable to low-income and rural residents.
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.