Officials including VP Harris promote new environmental grants under Biden administration

Charlotte Receives Federal Grants for <a href="">clean energy</a> Projects

Vice President Harris and EPA Administrator Regan Announce clean energy Grants in Charlotte

Grant Recipients Revealed

State and city leaders in Charlotte gathered to unveil the recipients of federal grants designed to boost private investment in clean energy initiatives. EPA Administrator Michael Regan, previously of North Carolina’s Department of Environmental Quality, disclosed a significant infusion of funds through the Greenhouse Gas Reduction Fund. He highlighted the allocation of $20 billion across the National Clean Investment Fund and Clean Communities Investment Accelerator to support community-driven clean energy and climate projects.

Promoting Capital Equity

Vice President Harris emphasized the grants’ potential to enhance capital equity in underserved areas, facilitating enhancements in regions historically lacking financial resources for sustainable ventures. She cited Grier Heights, a historic Black neighborhood in Charlotte, where advancements in 49 homes were made possible through support from the Self-Help Credit Union. The funding from the Inflation Reduction Act will aid in upgrading homes, enabling 30,000 additional families to improve insulation and energy efficiency, ultimately reducing utility costs.

Political Significance

Harris’s visit to North Carolina underscores the state’s critical role leading up to the November elections. With the opening of a campaign office in uptown Charlotte and plans for additional locations, the Democrats are aiming to turn the state blue for the first time since 2008. Governor Roy Cooper commended the grant distribution, emphasizing the diverse array of groups that will implement various climate solutions. North Carolina’s emergence as a hub for the clean energy economy has been accelerated by substantial investments and job creation facilitated by the Inflation Reduction Act.

Grant Focus

The eight organizations receiving funding specialize in housing finance and green energy infrastructure projects. Notable recipients include the Coalition for Green Capital, Power Forward Communities, and Appalachian Community Capital.

Read More of this Story at – 2024-04-04 22:56:00

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