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US EPA Announces $20B in Grants to Banks Funding Green-Energy Projects

The Environmental Protection Agency (EPA) has announced $20 billion in federal green bank grants to eight nonprofit organizations and development banks. The massive investment could potentially fund thousands to tens of thousands of projects meant to mitigate climate change in economically disadvantaged communities. Additionally, these projects have the potential to help Americans cut their carbon footprints and even save some money.

These projects include energy-efficiency residency improvements such as residential heat pumps as well as large-scale projects such as community cooling centers and electric-vehicle-charging stations. At the funding’s unveiling, Vice President Kamala Harris said the tens of billions of dollars in funding…

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