New U.S. ‘Green Bank’ Aims to Direct Over $160B in Capital Toward Climate Tech
The establishment of a green bank marks a significant shift in financing towards smaller renewable energy projects that have been overlooked by traditional banks. With $20 billion in grants awarded by the EPA, these funds will be used to provide loans for initiatives like installing heat pumps and retrofitting affordable housing. Notably, over $14 billion will be directed towards communities in need, including tribal, rural, low-income, and disadvantaged communities. Devamını Oku