Harris, Regan to roll out $20B EPA climate finance program

By Jean Chemnick | 04/03/2024 06:24 AM EDT

The money will go to climate projects in lower-income communities.

Vice President Kamala Harris speaks to supporters last week.

Vice President Kamala Harris is expected to announce a major climate lending program Thursday. Matt Kelley/AP

Vice President Kamala Harris is expected to announce $20 billion in EPA climate finance grants Thursday in North Carolina.

She and EPA Administrator Michael Regan will unveil the so-called Greenhouse Gas Reduction Fund — EPA’s flagship program under the Inflation Reduction Act — as President Joe Biden and his allies have made climate spending a key pitch to voters ahead of the November elections.

EPA has been tight-lipped for months about the green finance program, and the agency declined to comment Tuesday. Several nonprofit groups that applied to manage the program’s funding for climate projects in mostly low-income communities said they had not been told how much money they could receive, but they had been asked to attend the roll out in Charlotte later this week.


The announcement will focus on two nonprofit grant competitions under the Greenhouse Gas Reduction Fund: the National Clean Investment Fund containing $14 billion and the Clean Communities Investment Accelerator with $6 billion.