Green Bank Funds May be Rescinded (.PDF Download)

Approved under the 2022 Inflation Reduction Act, the Greenhouse Gas Reduction Fund (aka, the “green bank”) is a $27 billion investment focused on mobilizing financing and private capital to address the climate crisis. According to the EPA, the green bank was also put in place to help ensure the country’s economic competitiveness, promote energy independence and lower energy costs for communities that have historically been left behind.