Ceres Director of Federal Policy Zach Friedman issued the following statement after the U.S. Environmental Protection Agency issued its initial guidance for the $27 billion Greenhouse Gas Reduction Fund, a measure within the Inflation Reduction Act designed to spur clean energy investment and deployment in low-income and marginalized communities: “The Greenhouse Gas Reduction Fund is a key financing tool within the Inflation Reduction Act that provides a clear market signal for investors and companies to empower the communities that have been too often ignored yet are most at risk from the effects of the climate crisis. The grant-making process announced by the EPA today allows this important work to begin moving forward toward delivering jobs, lowering burdensome utility costs, and cleaning the air in these communities. We look forward to engaging with our private sector partners, our Community Development Financial Institution and Green Bank colleagues, and community-based organizations. Together, we can ensure that strong proposals for development and investment that expand the benefits of the clean energy economy to all are put before the EPA." Ceres submitted a letter to the EPA as the agency shaped its guidance for the Greenhouse Gas Reduction Act, calling for the program to […]