EPA green projects funding
Credit: Maryland GovPics/Flickr

EPA prepares to distribute $20 billion for green projects in underserved areas

The U.S. Environmental Protection Agency is set to announce the nonprofit lenders that will distribute $20 billion for environmental projects, focusing on low-income communities.

Jean Chemnick reports for Politico.


In short:

  • The funding, part of President Joe Biden's 2022 climate law, includes $14 billion for the National Clean Investment Fund and $6 billion for the Clean Communities Investment Accelerator.
  • The aim is to finance green energy and efficiency projects, with significant benefits directed towards disadvantaged communities.
  • Over 1,200 Community Development Financial Institutions (CDFIs) will play a crucial role in this initiative, focusing on community-driven and affordable housing projects.

Key quote:

"This program is really EPA’s attempt to inject green capital into the capillaries of our financial system in terms of all these smaller community lenders all across the country."

— Adam Kent, director of the Green Finance Program at the Natural Resources Defense Council

Why this matters:

Targeting underserved communities with green finance, this trend intends to address climate change and energy efficiency at a grassroots level, potentially transforming the landscape of community lending in the U.S. This approach indicates a shift toward community partnerships that emphasize sustainability and create opportunities for environmental change.

Living near oil and gas operations linked to worse mental health in people hoping to become pregnant

“If we’re concerned about healthy pregnancies, focusing on the period before pregnancy may be even more important.”

Living near oil and gas operations, including fracking wells, is linked to stress and depression in people who are planning pregnancies, according to a new study.

Keep reading...Show less
Senator Whitehouse & climate change

Senator Whitehouse puts climate change on budget committee’s agenda

For more than a decade, Senator Sheldon Whitehouse gave daily warnings about the mounting threat of climate change. Now he has a powerful new perch.
Amid LNG’s Gulf Coast expansion, community hopes to stand in its way
Coast Guard inspects Cameron LNG Facility in preparation for first LNG export in 2019. (Credit: Coast Guard News)

Amid LNG’s Gulf Coast expansion, community hopes to stand in its way

This 2-part series was co-produced by Environmental Health News and the journalism non-profit Economic Hardship Reporting Project. See part 1 here.Este ensayo también está disponible en español
Keep reading...Show less

Monday breaks record for hottest day ever recorded

Monday set a new global temperature record, surpassing the previous day’s high, as extreme heat continues to affect countries worldwide, according to European climate data.

Sibi Arasu and Seth Borenstein report for The Associated Press.

Keep reading...Show less

Landslides in Ethiopia claim 229 lives

A double landslide in southwestern Ethiopia killed 229 people on Monday, burying rescuers who rushed to help those initially trapped.

Lynsey Chutel and Kumerra Gemechu report for The New York Times.

Keep reading...Show less

Paris aims to host the most sustainable Olympics in 2024

The Paris 2024 Olympics commit to halving the carbon footprint of previous Games through various green initiatives.

Ciaran Varley and Dave Lockwood report for the BBC.

Keep reading...Show less
Oil Tanker sinks in Manila Bay
Credit: Alex Traveler/Flickr

Tanker sinks in Manila Bay, sparking fears of major oil spill

A Philippine oil tanker sank in Manila Bay, potentially causing a major spill, after being battered by waves, prompting the coast guard to rescue 16 of 17 crew members.

Jim Gomez reports for the Associated Press.

Keep reading...Show less
California regulators fail to enforce new oil well cleanup law
Credit: Joe/Pixabay

California regulators fail to enforce new oil well cleanup law

California regulators decided they lack the authority to enforce the state's new oil well cleanup law on California's largest oil company merger, potentially costing taxpayers billions.

Mark Olalde reports for ProPublica.

Keep reading...Show less
From our Newsroom
climate change flooding

Op-ed: The climate crisis demands a move away from car dependency

Power shutoffs or wildfire evacuations can be deadly for disabled people, especially nondrivers who may not have a way to get to a cooling center or evacuation point.

joe biden

Biden administration unveils plan to wean US government off single-use plastics

“Because of its purchasing power … the Federal Government has the potential to significantly impact the supply of these products.”

chemical recycling

Chemical recycling has an economic and environmental injustice problem: Report

“It wouldn’t even make a dent in the amount of plastic pollution out there.”

carbon capture

30 environmental advocacy groups ask PA governor to veto carbon capture bill

“Putting resources toward carbon capture and storage instead of renewable energy is wasting time we don’t have.”

climate justice

Op-ed: Farmers of color need climate action now. The farm bill is our best hope.

Farmers of color who are leading the charge for regenerative farming, as they have done for generations, need our support now more than ever.

Stay informed: sign up for The Daily Climate newsletter
Top news on climate impacts, solutions, politics, drivers. Delivered to your inbox week days.