National Green Bank Could Back ‘High Risk’ Projects in EJ Areas, Backers Say

Lawmakers and others urging EPA to fund a national “green bank” with $20 billion from the new climate law are emphasizing the potential environmental justice benefits of such a move, arguing it could provide significant backing to local groups’ clean energy projects that some banks consider too risky to fund. At issue is the Inflation Reduction Act’s (IRA) $27 billion Greenhouse Gas Reduction Fund that EPA can allocate to state and local government entities and nonprofits for climate-friendly projects. Even...