If former President Donald Trump is reelected Tuesday, his second administration won’t be able to claw back the $27 billion EPA has already spent on a landmark green banking program.
That doesn’t mean that a Trump administration — or a Republican-controlled Congress — couldn’t influence the Greenhouse Gas Reduction Fund’s implementation or make it harder for the program to turn dollars into community projects and benefits.
But Republican districts stand to lose as much as Democratic ones from efforts to hamstring the historic program. Many red states and House districts could benefit from the fund’s mandate to prioritize investment in low-income and underserved communities.
“This will target investment in communities where people may think it’s not for them,” said Trenton Allen, CEO of Sustainable Capital Advisors, which advised some of the GGRF applicants and is now consulting with cities that hope to access the program’s funds. “This is actually way more universal than you’d think.”
