Friday, April 5, 2024

ReImagine Appalachia Applauds EPA’s $500 Million Grant To Appalachian Community Capital To Stimulate Green Energy Investments In Low-Income Rural Communities Affected By Fossil Fuel Industry’s Decline

On April 4, the Environmental Protection Agency and the Biden-Harris Administration announced they have selected
Appalachian Community Capital (ACC) for a $500 million grant award as part of the Clean Communities Investment Accelerator (CCIA). 

This grant will stimulate green energy investments in low-income rural communities affected by the fossil fuel industry’s decline.

ACC has established the Green Bank for Appalachia, Energy Communities, and Underserved Rural America (Green Bank for Rural America), a central hub for investment and technical assistance for community lenders, local leaders, and workforce development partners across the United States.

“I can’t underscore enough how exciting and impressive it is that the Appalachian focus Community Development Financial Institutions Fund (CDFI) received this significant investment,” said Dana Kuhnline, Senior Program Director for ReImagine Appalachia. “It will have a lasting, long-term impact on Appalachia, and to see our region excel in a competitive applicant pool for these investments is a huge testament to the work that partners are doing.”

The Biden-Harris Administration’s Inflation Reduction Act established the Greenhouse Gas Reduction Fund, a $27 billion initiative aimed at addressing the climate crisis, promoting economic competitiveness, and fostering energy independence. 

The CCIA program, a part of this initiative, provides grants to support five hub nonprofit organizations, enabling them to provide funding and technical assistance to community lenders working in low-income and disadvantaged communities.

“This is a game-changer for our region to build on decades of work to show the potential for growth of this industry,” said Amanda Woodrum, Co-Director for ReImagine Appalachia. “We’re excited for the potential to bring new economic opportunities, good jobs, and cheaper, cleaner energy to Appalachian communities.”

Click Here for more on the EPA selection of Appalachian Community Capital.

Click Here for the complete Reimagine Appalachia statement.

Related Articles:

-- US DOE Awards Mineral Basin Solar Project In Clearfield County $90 Million For 402 MW Facility On Abandoned Mine Lands; Filling Gap Left By Closure Of Homer City Coal-Fired Power Plant [PaEN]

-- Solar United Neighbors Hails House Committee Action On Community Solar Legislation  

-- Bipartisan House, Senate Members Introduce Legislation Establishing Real Community Solar Program To Help Address Home/Business Energy Spikes Caused By Volatile Natural Gas Prices [PaEN]

-- Gov. Shapiro Unveils Cap-And-Invest PA Climate Emissions Reduction Initiative To Reduce Carbon Pollution From Power Plants; Update Alternative Energy Portfolio Standards To Diversify Electric Generation, Improve Reliability  [PaEN]

-- Pennsylvania’s Electric Grid Is Dependent On One Fuel To Generate 59% Of Our Electricity; Market Moving To Renewables + Storage  [PaEN]

Related Articles This Week:

-- PennDOT Announces $20 Million In Federal Funding For 29 Electric Vehicle Charging Projects In 19 Counties  [PaEN]


-- Scranton Times: Tunkhannock Area School District OKs $10 Million Solar Energy Deal [To Reduce Energy Costs, Avoid Price Spikes Of Natural Gas]

-- LancasterOnline: $1 Million In Federal Solar Grants For Lancaster County Farms, Businesses

-- TribLive Editorial: Is Now The Time For Solar Energy In Western PA?  

[Posted: April 5, 2024]  PA Environment Digest

No comments :

Post a Comment

Subscribe To Receive Updates:

Enter your email address:

Delivered by FeedBurner