Collaborative Implementation of the Greenhouse Gas Reduction Fund
The Environmental Protection Agency (EPA) is designing the Greenhouse Reduction Fund (GGRF) to mobilize financing for clean energy projects across the country. Michigan stands to receive substantial funding from the GGRF, but the program’s ultimate success, especially in low-income and disadvantaged communities, will depend on effective, collaborative program design.
Michigan Saves is dedicated to supporting accessible, equitable, and just investments in carbon reduction strategies throughout Michigan.
Recent News
Michigan Saves is issuing this Request for Proposal to identify financial experts with background in project finance to advise and support Michigan Saves in the implementation of its funding under the Environment Protection Agency’s Greenhouse Gas Reduction Fund National Clean Investment Fund and Clean Communities Accelerator programs.
For nonprofits and governmental entities, the IRA’s direct pay program combined with Michigan Saves bridge financing makes clean energy projects affordable and possible.
The Inflation Reduction Act’s direct pay program can help more communities with clean energy projects, reduce costs, and create cleaner, healthier places to live, work and play.
Contreras talks about the role community lenders play in ensuring federal clean energy investments reach underserved communities.
Michigan Saves today announced it is a subgrantee in the Justice Climate Fund’s application to the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, a national-scale grant program to combat climate change and support disadvantaged communities.
Michigan Saves, the nation’s first nonprofit green bank, today announced it was officially named a subgrantee in the Coalition for Green Capital’s application to the Environmental Protection Agency’s Greenhouse Gas Reduction Fund
New federal funding competitions like the $6 billion Clean Communities Investment Accelerator through the Greenhouse Gas Reduction Fund have the potential power to transform communities.
The Greenhouse Gas Reduction Fund is a once-in-a-generation investment will accelerate the reduction of greenhouse gas emissions and air pollutants while addressing equity and mobilizing private capital.