"Last week, $20bn was awarded under the GHG Reduction Fund, a mechanism set up by [#Biden's] IRA, to non-profit groups that will provide low-interest loans for #CleanEnergy projects, such as installing #SolarPanels on community centers, or #HeatPumps and induction stoves in households that couldn’t otherwise afford them."
"The aim of these new #GreenBanks will be to multiply this infusion – the EPA predicts that the private sector will increase the overall funding seven-fold to about $150bn, accelerating the replacement of polluting appliances with cleaner versions, greening public transit and boosting #RenewableEnergy going to the grid."
https://www.theguardian.com/us-news/2024/apr/11/biden-climate-change-policy-election