Statement: $20B Awards to Make Historic Strides Toward Climate Equity Through Inclusive Green Finance
Charlotte, NC – Dream.Org congratulates the Coalition for Green Capital (CGC), Climate United, and Power Forward Communities, and other awardees of the National Clean Investment Fund and Clean Communities Investment Accelerator which were announced today by the Environmental Protection Agency (EPA) and Vice President Kamala Harris. Together, the awards comprise $19.97 billion of the $27 billion Greenhouse Gas Reduction Fund (GGRF) that will increase access to green financing and accelerate clean technology deployment in communities nationwide.
In response to this award, Dream.Org VP of Sustainability and Green For All National Director Jessica Buendia issued the following statement:
“Dream.Org commends the Coalition for Green Capital (CGC) on their $5 billion award to create a national green bank. Since the passage of the Inflation Reduction Act in 2022, we have worked with the EPA, our partners, and thousands of supporters to shape GGRF programs to center disadvantaged communities. We will continue to work together to prioritize community engagement and technical assistance in this next phase of implementation.”
“Today marks the beginning of a new era for climate finance where communities most impacted by climate change will finally have access to the financing they need for the solutions they deserve. Our vision is for this funding to flow to Black and Brown communities and through minority-owned businesses to create unprecedented work and wealth opportunities that create a greener world for all.”
ABOUT DREAM.ORG
At Dream.Org, we bring people together across racial, social, and partisan lines. Through our Justice, Tech, and Green For All programs, we are working towards an America with fewer people behind bars, less pollution, and greater opportunities for underserved communities.
Since the Inflation Reduction Act passed in 2022, Dream.Org’s Climate Investments team has worked to build bridges among partners, launch community engagement initiatives, and increase awareness about the benefits of green banks for disadvantaged communities. We've mobilized tens of thousands of Americans to voice their support for the GGRF, and the EPA integrated all of our policy recommendations into the structure of the program. Dream.Org was a co-chair in CGC's Community Investments Working Group and played a key role in developing its 3-5-7 framework and incorporating Justice40 principles throughout CGC’s National Clean Investment Fund proposal.
Learn more about our involvement and strategies for equitable GGRF implementation here.
CONTACT
Brooke Durham
Deputy Director of Communications
brooke.durham@dream.org
