{"id":1972896,"date":"2023-07-14T09:57:02","date_gmt":"2023-07-14T13:57:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/epa-announces-20-billion-climate-bank-meant-to-boost-projects-in-poorer-places\/"},"modified":"2023-07-14T09:58:06","modified_gmt":"2023-07-14T13:58:06","slug":"epa-announces-20-billion-climate-bank-meant-to-boost-projects-in-poorer-places","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/epa-announces-20-billion-climate-bank-meant-to-boost-projects-in-poorer-places\/","title":{"rendered":"EPA unveils $20B &#8216;climate bank&#8217; to uplift projects in underserved areas."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fepa-announces-20-billion-climate-bank-meant-to-boost-projects-in-poorer-places%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1972896&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Environmental Protection Agency&#8217;s $20 Billion Investment in Climate Banks<\/h2>\n<p>The Environmental Protection Agency (EPA) has unveiled its plans to distribute $20 billion through &#8220;climate banks&#8221; as part of the Inflation Reduction Act. This initiative, aimed at boosting poorer towns and individuals affected by pollution, is a significant component of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/epa-announces-20-billion-climate-bank-meant-to-boost-projects-in-poorer-places\/\" title=\"EPA unveils B 'climate bank' to uplift projects in underserved areas.\">extensive green spending authorized<\/a> by the law.<\/p>\n<h3>Two Programs to Drive Green Projects<\/h3>\n<p>The EPA has established two programs, one with $14 billion in funding and the other with $6 billion. Each program will collaborate with a select group of institutions and private-sector entities to finance various green projects. These projects may include the installation of heat pumps, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-pressures-gop-on-infrastructure\/\" title=\"White House Pressures GOP on Infrastructure\">electric vehicle charging stations<\/a>, building upgrades, and other similar initiatives.<\/p>\n<h3>Expanding Economic Opportunity and Lowering Energy Costs<\/h3>\n<p>EPA Administrator Michael Regan expressed his optimism about the impact of these programs, stating that they &#8220;will spur private investment into clean technology projects and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-congressman-who-pushed-china-divestment-kept-his-own-chinese-investments\/\" title=\"Dem Congressman Who Pushed China Divestment Kept His Own Chinese Investments\">expand economic opportunity<\/a> for communities that have been left behind, for families that want <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scalise-biden-didnt-run-as-the-most-far-left-big-government-socialist-in-u-s-history\/\" title=\"Scalise: Biden Didn't Run as 'the Most Far-Left Big Government Socialist' in U.S. History\">lower energy costs<\/a>, and for workers who need good-paying jobs.&#8221;<\/p>\n<p>In addition to these two programs, the EPA had previously announced a $7 billion initiative in June to promote solar power in low-income or disadvantaged areas.<\/p>\n<h3>Application Deadline and Increased Flexibility<\/h3>\n<p>The EPA has set the deadline for program applications as October 12. Entities and private-sector partners utilizing the funds will have more flexibility in financing projects compared to other emissions reduction provisions, such as electric vehicle and clean power subsidies.<\/p>\n<p>Furthermore, the funds will come with stipulations requiring a portion of the financing to be allocated to low-income or disadvantaged groups.<\/p>\n<p>&#8220;It&#8217;s been over a decade since we first put the idea of creating a national climate bank on paper,&#8221; said Senator Chris Van Hollen (D-MD). &#8220;Today, that idea is becoming a reality.&#8221;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\">Click here<\/a> to read more from The Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EPA unveiled plans to distribute $20 billion through &#8220;climate banks&#8221; as part of the Inflation Reduction Act. These funds aim to support disadvantaged communities affected by pollution. The agency will establish two programs to ensure effective allocation of the funds.<\/p>\n","protected":false},"author":1,"featured_media":1972897,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1972896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1972896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1972896"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1972896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1972897"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1972896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1972896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1972896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}