With his latest action to protect Atlantic and Pacific Coasts from offshore oil and gas drilling, President Biden has now conserved over 670 million acres of America’s lands and waters, more than any other president in history. This fact sheet was provided by the White House:
President Biden has taken action to protect the entire U.S. East coast, the eastern Gulf of Mexico, the Pacific off the coasts of Washington, Oregon, and California, and additional portions of the Northern Bering Sea in Alaska from future oil and natural gas leasing. In protecting more than 625 million acres of the U.S. ocean from offshore drilling, President Biden has determined that the environmental and economic risks and harms that would result from drilling in these areas outweigh their limited fossil fuel resource potential. With these withdrawals, President Biden is protecting coastal communities, marine ecosystems, and local economies – including fishing, recreation, and tourism – from oil spills and other impacts of offshore drilling.
Nearly 40 percent of Americans live in coastal counties that rely on a healthy ocean to thrive. With today’s action, President Biden is ensuring that these regions can remain healthy and safe from the risk of oil spills resulting from development that would do little, if anything, to meet the nation’s energy needs.
Nearly 400 municipalities and over 2,300 elected local, state, Tribal, and federal officials across the Atlantic, Pacific, and Gulf coasts have formally opposed the expansion of offshore drilling in these areas in view of its severe environmental, health, and economic threats. Nearly every Governor along the East and West Coasts – Republicans and Democrats alike – has expressed concerns about expanded oil and gas drilling off their coastlines. In Alaska, the new Northern Bering Sea protections are consistent with a long-standing request from more than 70 coastal Tribes based on the need to help sustain a vital and threatened ocean area, and the natural resources it contains that Indigenous communities have stewarded and relied on for subsistence since time immemorial.
With this action, President Biden has conserved more lands and waters than any other U.S. president in history.
President Biden stated:
“I am taking action to protect the East and West coasts, the eastern Gulf of Mexico, and Alaska’s Northern Bering Sea from oil and natural gas drilling and the harm it can cause. My decision reflects what coastal communities, businesses, and beachgoers have known for a long time: that drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nation’s energy needs. It is not worth the risks. As the climate crisis continues to threaten communities across the country and we are transitioning to a clean energy economy, now is the time to protect these coasts for our children and grandchildren.
“From California to Florida, Republican and Democratic Governors, Members of Congress, and coastal communities alike have worked and called for greater protection of our ocean and coastlines from harms that offshore oil and natural gas drilling can bring. In Alaska, dozens of Tribes have fought to protect the Northern Bering Sea, a vital ocean ecosystem that supports their traditional ways of life. Vice President Harris and I have listened. In balancing the many uses and benefits of America’s ocean, it is clear to me that the relatively minimal fossil fuel potential in the areas I am withdrawing do not justify the environmental, public health, and economic risks that would come from new leasing and drilling.
“The Deepwater Horizon oil spill, a man-made catastrophe that took the lives of eleven people and spilled millions of barrels of oil into the waters of the Gulf of Mexico, is a solemn reminder of the costs and risks of offshore drilling to the health and resilience of our coasts and fisheries and underscores the importance of the legal protections I am putting in place today. It is also one of the reasons why on my watch we have strengthened offshore safety standards for workers and communities on the front lines of existing operations nationwide, and rapidly accelerated the development of safer and cleaner energy sources, including the approval of eleven offshore wind projects.
“From Day One, I have delivered on the most ambitious climate and conservation agenda in our country’s history. And over the last four years, I have conserved more than 670 million acres of America’s lands and waters, more than any other president in history. Our country’s remarkable conservation and restoration progress has been locally led by Tribes, farmers and ranchers, fishermen, small businesses, and outdoor recreation enthusiasts across the country. Together, our “America the Beautiful” initiative put the United States on track to meet my ambitious goal to conserve at least 30 percent of our Nation’s lands and waters by 2030.
“We do not need to choose between protecting the environment and growing our economy, or between keeping our ocean healthy, our coastlines resilient, and the food they produce secure and keeping energy prices low. Those are false choices. Protecting America’s coasts and ocean is the right thing to do, and will help communities and the economy to flourish for generations to come.”
FACT SHEET: President Biden Protects Atlantic and Pacific Coasts from Offshore Oil and Gas Drilling
Protecting the Atlantic Ocean, Pacific Ocean, Eastern Gulf of Mexico and Northern Bering Sea from Offshore Drilling
Using his authority under Section 12(a) of the Outer Continental Shelf Lands Act, President Biden is issuing two Presidential Memoranda to protect all U.S. Outer Continental Shelf areas off the East and West coasts, the eastern Gulf of Mexico, and additional portions of the Northern Bering Sea in Alaska from future oil and natural gas leasing. The withdrawals have no expiration date, and prohibit all future oil and natural gas leasing in the areas withdrawn. President Biden first used this authority in January of 2021 when he restored protections for part of the Northern Bering Sea, and again in March 2023 to withdraw 2.8 million acres of the Beaufort Sea from future oil and gas leasing, which completed protections for the entire U.S. Arctic Ocean.
This action will safeguard three distinct ocean and coastal regions:
The entire eastern U.S. Atlantic coast and the Eastern Gulf of Mexico. President Biden is protecting approximately 334 million acres of the Atlantic Outer Continental Shelf (OCS) from Canada to the southern tip of Florida, and the Eastern Gulf of Mexico. There are currently no active oil and natural gas leases in Federal waters off the eastern Atlantic coast. The southern section of this withdrawal matches a previous Congressional withdrawal enacted by the Gulf of Mexico Energy Security Act of 2006, and a subsequent time-limited 12(a) withdrawal issued by the previous administration that would have expired in 2032 without today’s protections. Today’s withdrawal builds on those prior withdrawals and helps safeguard the multi-billion-dollar fishing and tourism economies in these states.
The Pacific Coast along California, Oregon, and Washington. This withdrawal protects nearly 250 million acres of Federal waters off the West Coast of the mainland U.S. that are prime habitat for seals, sea lions, whales, fish, and countless seabirds. The State of California has had a moratorium on issuing new leases in its state waters since 1969, and the last Federal lease sale in the area being withdrawn was offshore of Southern California in 1984. The Governors of these states have called for full protection of their coasts for decades.
The remaining portion of the Northern Bering Sea Climate Resilience Area in Alaska. This withdrawal will protect 44 million acres of the Northern Bering Sea in far northwest Alaska that is home to fish, sea birds, and other wildlife and where there are no existing oil and gas leases. The Northern Bering Sea Climate Resilience Area was established in 2016 and includes one of the largest marine mammal migrations in the world – beluga and bowhead whales, walruses, and seals travel the funnel of the Bering Strait each year to feed and breed in the Arctic. This is an area where oil and gas development would pose severe dangers to coastal communities, and where the health of these waters is critically important to food security and to the culture of more than 70 coastal Tribes, including the Yup’ik, Cup’ik, and Inupiaq people who have relied on these resources for millennia. The Alaskan Congressional delegation has opposed previous proposals to allow oil and gas leasing and drilling in the area.
Building on a Historic Ocean Conservation and Climate Legacy
These actions build upon the Biden-Harris Administration’s ambitious climate agenda and unprecedented commitment to protect America’s natural wonders now and for future generations. The withdrawals advance two important Biden-Harris Administration priorities: honoring and protecting areas of significance to Tribal Nations and Indigenous peoples as well as States and other stakeholders; and helping to ensure our oceans and coasts are resilient to the threats of climate change and nature loss.
These actions are helping advance the President’s America the Beautiful initiative, which is supporting locally led conservation efforts with a goal to protect, conserve, and restore at least 30 percent of U.S. lands and waters by 2030.
The U.S. Nationally Determined Contribution (NDC) is an economy-wide, all greenhouse gas target of reducing net emissions by 61-66 percent below 2005 levels in 2035
The emissions reduction strategy includes leveraging landmark investments from the Inflation Reduction Act and Bipartisan Infrastructure Law, complemented by federal standards; coordinating with local, state, Tribal, and territorial governments; and mobilizing private capital
In 2015, the world came together to finalize the Paris Agreement, an historic agreement joined by nearly every country in the world to address the climate crisis and protect the planet for future generations. On Day One of his Administration, President Biden fulfilled his promise to rejoin the Paris Agreement and set a course for the United States to tackle the climate crisis at home and abroad. In 2021, pursuant to the terms of the Paris Agreement, President Biden submitted a nationally determined contribution (NDC) with a target of reducing U.S. greenhouse gas emissions 50-52 percent from the 2005 baseline in 2030.
Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions. It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement.
To develop the U.S. 2035 NDC, the Biden-Harris Administration analyzed how every economic sector – power generation, buildings, transportation, industry, agriculture and forestry– can spur innovation, unleash new opportunities, drive competitiveness, and cut pollution. Additionally, the United States anticipates, as part of achieving its 2035 NDC emissions target, methane reductions of at least 35 percent from 2005 levels in 2035. Cutting methane emissions is among the fastest ways to reduce near-term warming and is an essential complement to CO2 mitigation.
This 2035 NDC aligns with President Biden’s target of a net zero greenhouse gas economy no later than 2050 and marks an ambitious capstone to President Biden’s climate legacy, focused on investment, innovation, creating millions of good-paying and union jobs, building the clean energy economy of the future, reducing costs for all Americans, advancing environmental justice, and improving the health and security of communities across America. There are multiple paths to reach these targets, and U.S. Federal, state, local, territorial, and Tribal governments have numerous tools available to work with civil society and the private sector to mobilize investment in the years ahead while supporting a stronger, fairer economy.
Momentum from President Biden’s Climate and Economic Agenda
Since President Biden announced the 2030 NDC in April 2021 to reduce emissions 50-52% by 2030, the United States has designed and implemented a historic climate strategy that leverages emissions reduction and economic growth in every region of the country. Advanced through thousands of policies and actions undertaken by federal, state, territorial, Tribal, and local governments, the strategy includes passage of the landmarks Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA), paired with strategic implementation of a regulatory agenda to ensure emissions reductions across every sector of the economy. This approach has equipped federal, state, territorial, Tribal, and local governments with additional resources and regulatory certainty to partner with the private sector to grow a new clean energy economy that benefits American workers and consumers. Implementation of this broad and comprehensive strategy has already led to more than $450 billion of private sector investment in domestic clean energy and manufacturing projects. This progress will accelerate as the Biden-Harris climate agenda continues to drive a wide range of investments in clean energy deployment and manufacturing in the years ahead. Examples include:
Arizona has added over 370,000 new jobs, and unleashed more than $120 billion in private sector investment. Investments include $5.5 billion to build a battery facility outside Phoenix that will produce batteries for 350,000 electric vehicles per year.
California has added over two million new jobs and more than $45 billion in private sector manufacturing and clean energy investment, including a $4 billion Gigafactory to produce lithium-ion batteries in Imperial Valley.
Georgia has added nearly half a million new jobs and mobilized more than $40 billion in private sector investment. Qcells is investing $2.5 billion to expand its solar panel and component manufacturing capacity in Dalton and Cartersville.
Maryland has added over 160,000 new jobs, and attracted more than $2.7 billion in private sector investment, including a $350 million investment from Constellation Energy to increase the output and lifespan of its renewable energy portfolio.
Pennsylvania has added more than 560,000 new jobs and unleashed nearly $4.3 billion in private sector investment, including a $500 million investment by Eos Energy Enterprises to expand battery manufacturing operations in Turtle Creek, supported by a loan guarantee from DOE’s Loan Programs Office.
Wisconsin has added more than 188,000 new jobs and $5.4 billion in private sector manufacturing and clean energy investments, including $426 million for the state’s first large-scale solar and battery storage project outside Milwaukee.
These investments and many more tell a clear story: the clean energy revolution is being built in America, and that will not be reversed.
Fundamental Economic and Technological Trends
Over the past four years the prices of clean energy generation and infrastructure have fallen dramatically. President Biden’s economic agenda, supported by complementary subnational government actions and private sector innovation, has reshaped the energy landscape now and for future generations so that American consumers and workers will benefit, especially in energy communities that have historically powered our nation. Along with the boom in domestic investments, technological advances across the energy sector are also making the U.S. clean energy revolution irreversible, including:
Clean Energy Generation. The levelized cost of utility-scale solar photovoltaic (PV) and onshore wind are dropping rapidly. In 2024, estimates for utility-scale solar PV and onshore wind are as low as $29 per megawatt hour and $27 per megawatt hour, respectively. On a levelized-cost basis, utility-scale solar is now broadly on par with fossil fuel sources, even before accounting for the environmental and public health benefits. A recent analysis indicates that 99 percent of all U.S. coal plants are more expensive to continue running than to replace with solar, wind, and energy storage resources. Geothermal power generation capacity is also accelerating, with 203 megawatts commissioned globally in 2023, up 12 percent from 2022. Recent technological advances, particularly in drilling, indicate the industry is on track to an average cost of $60-70/MWh by 2030 and $45/MWh by 2035. New enhanced geothermal capacity is already slated to meet the clean electricity demands of new industries. And the recent completion of the Vogtle nuclear power plant in Georgia, the nation’s first new nuclear reactors in over 30 years, as well as planned revitalizations of existing reactors, progress on advancedreactor technologies, and new private sectordemand, are all signs of further progress expanding nuclear power capacity ahead.
New and Better Transmission. Expanding and enhancing the U.S. transmission system is critical to the nation’s resilience and national security. Significant expansions of new and upgraded transmission lines by public and private sector entities, including SunZia Transmission in New Mexico, will facilitate the transmission of clean energy across the United States. Meanwhile, a new generation of modern grid technologies provides a significant opportunity to achieve power system capacity expansion, including through high-performance conductors that can carry two times (or more) the amount of power of conventional transmission wires, as well as grid enhancing technologies that maximize electricity transmission across the existing system through a family of technologies that includes sensors, power flow control devices, and analytical tools.
Battery Storage. Utility-scale battery storage has the potential to provide much-needed flexibility that supports renewable energy sources, and helps address grid infrastructure challenges. Between 2010 and 2023, the cost of utility-scale battery storage projects declined by 89%, to $273 per kilowatt hour, driven by improvements in manufacturing, materials efficiency, and manufacturing processes. Storage capacity additions also increased significantly, with additions of 22 gigawatt hours (GWh) in 2023. As the private sector continues to invest in new battery technologies and manufacturing processes, battery storage costs will continue to decline, supporting the clean energy economy of the future.
Energy Efficiency. Improvements in energy efficiency can cut pollution and save Americans on their energy and water bills. The Biden-Harris Administration has strengthened energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, saving the average household more than $100 a year while also reducing greenhouse gas emissions by more than 2 billion metric tons. Efficient equipment such as heat pumps powered by clean electricity are already making heating, cooling, and hot water more affordable for a growing number of American homes. 2022 marked the first year that heat pump sales outpaced fossil fuel furnaces in the US; in 2023, heat pumps outsold gas furnaces by 27 percent, demonstrating the technology’s growing popularity with consumers. When paired with energy efficiency improvements, like insulation, heat pumps lower the cost of heating and cooling, while improving indoor and outdoor air quality.
Clean Steel and Clean Concrete. Producing steel and concrete, fundamental building blocks of the modern economy, accounts for more than 15 percent of global greenhouse gas emissions. Clean steel and concrete are already being produced in the United States. Major steelmakers are now using Inflation Reduction Act investments to build and retrofit American steel facilities to produce cleaner steel. Innovative low carbon methods for concrete production can reduce emissions by eliminating the need for high temperatures or through the use of alternative low carbon feedstocks. These innovative concretes are more durable and stronger than conventional concrete, improving the performance of infrastructure investments and resulting in long term savings. As clean hydrogen and clean electricity prices continue to fall, producers will be able to further slash emissions using these cleaner inputs.
Clean Hydrogen. Hydrogen has the potential to reduce emissions across a host of sectors, including transportation and heavy industry. Key cost drivers of green hydrogen production, including the capital expenditure for electrolyzers and the price of renewable energy, are expected to decline in years ahead due to economies of scale, delivering green hydrogen at a lower price point. Combined, these two cost declines could translate to a significant reduction in green hydrogen production costs, from $3-6 per kilogram today to $1.50 – 2 by 2035.
Clean Cars and Trucks. Electric vehicles (EVs) are already selling at a record pace in the United States, supported by falling component prices as well as fuel and maintenance cost savings for consumers. From 2018 to 2022, the sales-weighted average price of electric cars decreased, and the price gap between internal combustion vehicles and EVs has begun to close. Through 2035, falling EV component prices will drive down the purchase price for EVs and bring new customers to the EV market. For instance, battery prices are set to fall by as much as 50 percent through 2026 thanks to improved technology and expanded production of key inputs. Federal standards support these market developments: the strongest-ever national pollution standards for passenger cars and heavy-duty vehicles are providing certainty for the automobile industry, catalyzing private investment, creating good-paying union jobs, improving public health, and expanding consumer choice in clean vehicles.
Federal Sustainability. With broad support from America’s manufacturers, clean energy developers, labor organizations, business leaders, states, and communities, the Federal Government’s 300,000 buildings, 600,000 vehicles, and $750 billion in annual procurement power will continue to be more sustainable and resilient while supporting good jobs, cutting costs, and saving taxpayers money.
Action and Leadership from state, local, Tribal, and territorial governments
State, local, Tribal, and territorial governments in the United States have a long history of climate leadership that has laid the groundwork for subsequent federal action, including the Inflation Reduction Act. Many critical climate levers, especially in the transportation, electricity, and building sectors, lie largely within the domain of these governments. In the years ahead, leveraging and expanding the new clean energy economy enabled by the Biden-Harris Administration’s policies and bolstered by strong economic tailwinds supporting clean energy, these governments will ensure that the United States remains all-in on climate action. States, territories, cities, counties, and Tribal governments together have the capacity to step in and deliver on climate ambition. In the years ahead, we expect that subnational and Tribal governments will adopt new and strengthen existing climate-forward policies such as:
Climate Action Plan Implementation: Through support from the Inflation Reduction Act, more than 45 states and more than 200 Tribes, territories, and metro areas have now developed their own Climate Action Plans, representing a historic set of opportunities for subnational climate progress across sectors. More than $4 billion of Climate Pollution Reduction Grants awarded by the Biden-Harris Administration will also advance 59 implementation projects across 30 states, 33 Tribal Nations, and 1 territory to reduce climate pollution from every sector of the economy. Many of these projects can be expanded and provide examples that other states, local governments, Tribes, and even businesses can replicate in their work to tackle the climate crisis.
Innovative Solutions to Cut Pollution from the Existing Transportation Systems. California, Washington, and Oregon have developed and implemented, or started to implement, programs that reduce emissions from the transportation sector through a predictable, market-based approach, generating climate and local-air quality benefits for residents and communities. New York City and State adopted and implemented the country’s first-ever congestion pricing program, which will reduce climate pollution and provide a stable funding source for mass transit. Other states have the opportunity to build on these successful policy initiatives in their own jurisdictions.
Renewable Portfolio Standards (RPSs) and Clean Energy Standards (CESs). Today, twenty-five states and the District of Columbia have set RPSs and eight others have adopted CESs, which will increase the generation of low- and zero-carbon electricity. Adoption of these standards by additional states, as well as the strengthening of existing standards, provides significant upside for reducing climate pollution.
Building Energy Codes. Many subnational governments have already adopted or are in the process of adopting the most up-to-date energy codes to ensure new building construction is energy efficient and lowering emissions for years to come. Subnational governments are also reducing energy costs and emissions in existing buildings, with almost 25 percent of commercial buildings subject to a building performance standard or located in a community with plans to adopt building performance standards.
State Procurement of Low-Carbon Materials. The Biden-Harris Administration’s landmark Federal Buy Clean Initiative leverages the sway of the U.S. government, as the largest purchaser on Earth, to spur demand for clean American manufacturing of materials that form the bedrock of our economy. Thirteen states have joined the Federal-State Buy Clean Partnership and committed to prioritizing efforts that support procurement of lower-carbon infrastructure materials in state-funded projects. These states can continue to work together to send a clear, harmonized demand signal to the marketplace for the long-term decarbonization of essential industries.
Financing Climate Solutions. With support from the Inflation Reduction Act’s Greenhouse Gas Reduction Fund (GGRF), the national network for financing clean energy and climate solutions across sectors is larger than ever before. The National Clean Investment Fund awardees are establishing national clean financing institutions that deliver accessible and affordable financing for clean technology projects nationwide, and the Clean Communities Investment Accelerator awardees are establishing hubs that provide funding and technical assistance to community lenders working in low-income and disadvantaged communities.
State and Regional Efforts to Cap Emissions. 15 states and Puerto Rico have binding economy-wide emissions targets in law, covering more than 115 million Americans across the country. Voters in Washington State recently upheld a groundbreaking law requiring companies to cut carbon emissions while investing in programs that benefit the public, such as habitat restoration and climate adaptation. This recent success builds on initiatives such as the Regional Greenhouse Gas Initiative (RGGI), a regional program that requires certain power plants to acquire allowances for every ton of CO2 emitted.
In the years to come, leadership will come from all across American society – cities and states, Tribes and territories, small and big businesses, working communities, individual Americans and the private sector working together to seize the economic opportunity, create jobs, and build the clean energy economy. This new clean energy economy, enabled by the forward-looking policies of this Administration, will continue to grow – and the United States will continue to create good jobs and cut carbon pollution right here at home.
While lying about the Biden administration’s swift and efficient relief efforts after Hurricane Helene, Trump has gone out of his way to undermine the relief effort, even deflecting resources by his showboat appearance in a stricken community, and sowing anxiety and distress among traumatized, desperate people.
Claiming to have had a sterling record on hurricane relief when he was president? Recall the disgusting scene of him tossing paper towels in Puerto Rico to victims of Hurricane Maria, and saying Puerto Rico was too far out into the ocean to get relief, then hiring a crony from Montana to fix the electric grid (it didn’t).
Trump, who in yet another instance of projection, accuses Biden of steering aid away from Republican communities (not true), but was the one who withheld disaster aid to California enduring historic wildfires, actually blamed the state for not trimming trees enough, and withheld coronavirus tests and masks to Democratic areas, telling Governors to fend for themselves.
Here’s a reminder from the Harris-Walz campaign: – Karen Rubin, news-photo-features.com, [email protected]
Damning News Report Revives Questions About Trump and Flood Protections
As Donald Trump campaigns in states impacted by Hurricane Helene, headlines are calling attention to a “damning” news report that raises questions about Trump’s record of rolling back flood protections and storm standards intended to prevent the kind of devastation we are seeing today.
The news comes on the heels of shocking reporting that Trump refused to provide disaster relief as President until he was briefed with political maps of how many people there voted for him.
This week’s news reflects Trump’s consistent record as President: gutting FEMA, blocking critical disaster relief, and making crisis after crisis about himself while leaving hard working Americans on their own.
Trump rolled back flooding standards intended to prevent the very kind of devastation we’re currently seeing in Western North Carolina and other parts of the South in order to benefithis wealthy donors
Trump diverted over $150 million in FEMA disaster funds ahead of Hurricane Dorian hitting the Southeast
He threatened to veto legislation providing nearly $5 billion in disaster relief funding after extreme earthquakes
He dangled federal aid for Michigan over his opposition t0 the state’s mail-in ballot program
Trump called for cuts to numerous programs that help prepare, manage, and mitigate wildfiresHe proposed budget cuts to NOAA that would have left the US unprepared for extreme weather
He refused to give California wildfire aid until told how many people there voted for him
Trump’s running mate is no better: JD Vance voted against $16 billion in disaster relief and lifting restrictions for FEMA funding.
Trump and Vance’s Project 2025 agenda would go even further.
Project 2025 proposes eliminating disaster loans for families and small businesses rebuilding after storms and to cut assistance for hurricane victims
Project 2025 calls to increase FEMA’s threshold for state and local government disaster assistance
Project 2025 recommendsprivatizing the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program and rolling back FEMA emergency response spending, saddling states and localities with the majority of preparedness and response costs at a time when climate change is raising the likelihood and cost of natural disasters
And it would officially dismantle NOAA and eliminate the National Weather Service’s federal weather forecasting
DNC Rapid Response Director Alex Floyd added, “JD Vance took time in Georgia today to shout out his ‘great friend’ right after she finished spreading fresh conspiracy theories about how ‘they’ can control the weather while Georgia is still recovering from Hurricane Helene. Let’s be clear: Marjorie Taylor Greene is a wildly out-of-touch conspiracy theorist and election-denying extremist who is as toxic to voters as the Trump-Vance Project 2025 agenda itself — and that’s just another reason why we’re sure that Vance will have plenty more free time to spend with his ‘great friend’ after this November.”
Harris-Walz 2024 Spokesperson Sarafina Chitika stated, “As president, Donald Trump gutted FEMA, blocked disaster relief, rolled back flooding standards to benefit his wealthy donors, and made crisis after crisis about himself instead of keeping Americans safe,.
” A Trump victory this November is a disaster waiting to happen: His Project 2025 agenda would slash FEMA funding, privatize weather forecasting, and leave us unprepared for the coming storms.
“Americans deserve a president who works to prevent these extreme weather crises, not an unserious man who tosses paper towels at a photo op when people are suffering. Vice President Harris will always fight to ensure families and communities have the resources they need to make it through extreme weather events like we’re seeing now.”
During Climate Week, President Biden delivered remarks highlighting his climate, conservation, clean energy, and environmental justice agenda, which is lowering costs, creating good-paying and union jobs, and reducing harmful emissions.
As the latest historic hurricane event pummels the Southeast, Republican presidential candidate Donald Trump, who routinely calls Climate Change a hoax, promises to “drill baby drill” and pulled the US out of the Paris Climate Agreement, and Republican governors in Florida, Texas, South Carolina deal with climate change by outlawing the term, House Republicans continue reckless attempts to roll back climate, conservation, and clean energy investments– even proposing to shut down NOAA, which gives warnings of weather events.
This fact sheet reviewing President Biden’s historic climate legacy was provided by the White House:
When President Biden took office, he pledged to restore America’s climate leadership at home and abroad. Every day since, the Biden-Harris Administration has led and delivered on the most ambitious climate, conservation, clean energy, and environmental justice agenda in history, including securing the largest ever climate investment and unleashing a clean energy manufacturing boom that has attracted hundreds of billions of dollars in private sector investment; created hundreds of thousands of new clean energy jobs; and lowered energy costs for families while delivering cleaner air and water for communities across the country.
As business leaders, government officials, young people, and other advocates from around the world gather in New York City to participate in Climate Week, tomorrow President Biden delivered remarks in New York City highlighting his Administration’s unprecedented progress in tackling the climate crisis, cutting energy costs for everyday Americans, and creating good-paying union jobs.
Meanwhile, as President Biden and Vice President Harris continue to implement their Investing in America agenda, many Congressional Republicans continue to deny the impacts of climate change and are actively working to roll back this Administration’s historic and urgent climate investments – in fact, House Republicans have voted more than 50 times to repeal parts of President Biden’s climate investments. The contrast couldn’t be clearer.
From replacing toxic lead pipes and modernizing our electric grid to reducing air pollution and conserving our nation’s lands and waters, President Biden and Vice President Harris have positioned America to lead the global effort against climate change and protect the health, safety, and economic vitality of our communities and our environment for generations to come.
Biden-Harris Administration’s Top Climate Accomplishments
Deploying Clean, Affordable Electricity and Strengthening America’s Power Grid Through the Inflation Reduction Act and Bipartisan Infrastructure Law, President Biden has secured unprecedented investments in a clean power sector, unleashing a boom in American solar, wind, battery storage, nuclear, and other clean energy technologies that are creating good-paying jobs and saving families money on utility bills. President Biden’s Investing in America agenda is supporting the U.S. offshore wind industry, transmission buildout and other power grid upgrades, residential solar for low-income households, investments in clean electricity across rural America, efficient permitting to get new projects built, and American manufacturing of clean energy technologies. Since the start of the Biden-Harris Administration, the US has added more than 100 gigawatts of new clean energy – enough to power more than 25 million homes. Thanks to the Inflation Reduction Act, clean energy project developers get access to expanded tax incentives if they pay workers prevailing wages and employ registered apprentices, build their projects with domestic content, or locate projects in historic energy communities—provisions that are helping make more clean energy jobs good-paying and union jobs, supporting American manufacturing, and driving clean energy investment to the places that can benefit the most. Bolstering Climate Resilience and Adaptation The Biden-Harris Administration is taking a whole-of-government approach to addressing climate impacts, including through Federal climate adaptation planning and integrating consideration of climate impacts into Federal policies, programs, and funding. The Administration released a National Climate Resilience Framework and President Biden secured more than $50 billion for climate resilience and adaptation investments that are upgrading aging roads and bridges, including critical evacuation routes; restoring critical waterways, forests, and urban greenspaces; building forest health and reducing wildfire risk; bolstering water infrastructure and drought resilience across the American West; reducing the risk to federal assets from future floods; and modernizing our electric grid. Through portals like Climate Mapping for Resilience and Adaptation (CMRA) and Heat.gov, the Administration is equipping communities with the information and resources they need to assess climate risks and implement adaptation actions in their communities. With historic investments from the President’s Investing in America agenda, the Administration stabilized the short-term security of the Colorado River and is making investments to ensure the long-term stability of the Colorado River Basin. Accelerating a Clean Transportation Future Last year, the Biden-Harris Administration released the National Blueprint for Transportation Decarbonization, a landmark strategy for eliminating nearly all greenhouse gas emissions from the U.S. transportation sector by 2050. The Administration’s Bipartisan Infrastructure Law and Inflation Reduction Act invest tens of billions to decarbonize maritime, trucking, transit, rail, and aviation, all while making communities more walkable, bikeable, and connected. The Bipartisan Infrastructure Law is also investing $7.5 billion to build a nationwide network of convenient, reliable electric vehicle (EV) charging infrastructure along corridors and within communities, and $5 billion to put clean school buses on our roads. In addition, the President rallied automakers and autoworkers around a historic goal of having electric vehicles account for at least 50% of new passenger vehicles sold by 2030. To support this goal while driving down consumer costs, the Administration secured tax credits that reduce the cost of new or used clean vehicles by thousands of dollars directly at the dealership as well as tax credits to deploy EV charging and alternative fueling infrastructure to support clean vehicle deployment needs for individuals and businesses within rural and low income communities. The Administration is also leading by example to electrify the federal vehicle fleet, including 66,000 U.S. Postal Service delivery vehicles over five years. Cutting Energy Costs and Pollution at Homes, Schools, and in Communities Last year, 3.4 million American families saved $8.4 billion from IRA home energy tax credits for heat pumps, insulation, solar, and other clean energy technologies, and today states across the US are rolling out IRA rebates of up to $14,000 per household to help low- and middle-income families afford cost-saving electric appliances and energy efficiency improvements. The President established a $20 billion national clean energy financing network that will support tens of thousands of clean energy projects and cost-saving retrofits, reducing or avoiding up to 40 million metric tons of carbon pollution annually over the next seven years. The Biden-Harris Administration has also strengthened energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, saving the average household more than $100 a year while also reducing greenhouse gas emissions by more than 2 billion metric tons. Schools across the country are using IRA clean energy tax credits and elective pay to install solar, energy storage, and ground source heat pumps.
Revitalizing American Manufacturing for the Clean Economy President Biden’s Investing in America agenda has helped catalyze historic manufacturing growth, with factories opening across the nation. The private sector has committed over $910 billion in investments in American manufacturing and clean energy, including sectors central to our industrial strength. The President’s agenda is helping to make U.S. manufacturing the cleanest and most competitive in the world. The Inflation Reduction Act is investing more than $6 billion to slash climate pollution and support workers and community health at U.S. factories producing the steel, aluminum, cement, and other materials that form the backbone of our economy, nearly $2 billion to support shuttered or at-risk auto facilities retain or re-hire workers to support manufacturing in the electric vehicle supply chain, over $3 billion to bolster battery manufacturing, and over $4 billion through the Federal Buy Clean Initiative to bolster markets to buy cleaner materials. The Biden-Harris Administration’s historic steps to reduce super-polluting methane and hydrofluorocarbons are also harnessing American innovation and creating good-paying union jobs. Advancing Environmental Justice Since Day One, the Biden-Harris Administration has prioritized a whole-of-government approach to environmental justice. The President signed a historic Executive Order that mobilizes the federal government to bring clean energy and healthy environments to all and mitigate harm to those who have suffered from pollution and environmental burdens like climate change. Through the Justice40 Initiative, over 500 programs across 19 federal agencies are being reimagined and transformed to maximize the benefits of President Biden’s unprecedented investments – from clean energy projects to floodwater protections to wastewater infrastructure – to communities that need them most. At the same time, the Administration is taking unprecedented action to protect communities from PFAS pollution, accelerate Superfund and brownfield cleanups, tighten standards for hazardous air pollutants, and enhance air quality enforcement. To ensure the voices, perspectives, and lived experiences of communities with environmental justice concerns are heard in the White House and reflected in federal priorities, policies, investments, and decision-making, President Biden also created the White House Environmental Justice Advisory Council. Delivering Clean Water and Replacing Lead Pipes President Biden and Vice President Harris are fighting to ensure a future where every American has access to clean, safe water. The President’s Bipartisan Infrastructure Law invests over $50 billion in upgrading the nation’s water infrastructure – the largest investment in clean water in American history. The Administration has already launched over 1,700 projects to expand access to clean drinking water, replace lead pipes, improve wastewater and sanitation infrastructure, and remove PFAS pollution in water. The Biden-Harris Administration invested over $1 billion from the President’s Investing in America agenda to specifically accelerate the delivery of drinking water and community sanitation infrastructure projects in Indian Country, where almost 50% of communities are lacking this basic human right. President Biden has also made a commitment to replace every toxic lead pipe in the country within a decade, protecting families from lead poisoning that can irreversibly harm brain development in children.
Empowering Every Community to Advance Climate Solutions The historic set of federal actions that the Biden-Harris Administration has taken are supporting communities across the country in seizing opportunities in the clean energy economy. The Administration has mobilized billions of dollars in investment in the energy communities and workers that have powered our nation for generations. To help young people access skills-based training for good-paying careers in the clean energy and climate resilience economy, the Administration launched the American Climate Corps, which will mobilize a new, diverse generation of more than 20,000 Americans. And with direct support from the Administration’s Investing in America Agenda, more than 45 states and more than 200 Tribes, territories, and metro areas have now developed their own Climate Action Plans. All of these foundational efforts will support climate solutions in the near-term and for years to come, helping the nation achieve the goal of reducing climate pollution by 50-52% below 2005 levels in 2030 and reaching a net-zero economy by no later than 2050.
Conserving our Lands and Waters President Biden’s America the Beautiful initiative is supporting and accelerating voluntary, locally led conservation and restoration efforts across the country, and with 42 million acres already protected under President Biden, the U.S. is on track to meet the first-ever national goal to conserve at least 30 percent of our lands and waters by 2030. The Biden-Harris Administration has established or expanded eight national monuments and restored protections for three more; created five new national wildlife refuges and significantly expanded five more; established two new national marine sanctuaries and begun the process to designate or expand protections for five more; created one new national estuarine research reserve; protected the Boundary Waters of Minnesota, the nation’s most visited wilderness area; safeguarded Bristol Bay in southwest Alaska from the impacts of mining; protected the Arctic Ocean from oil and gas development; and withdrawn Chaco Canyon in New Mexico and Thompson Divide in Colorado from further oil and gas leasing which will protect pristine lands and thousands of sacred sites. The Administration also directed the conservation of old-growth and mature forests, put conservation on equal footing with development in managing our public lands, launched the America the Beautiful Freshwater Challengeto protect, restore, and reconnect 8 million acres of wetlands and 100,000 miles of our nation’s river and streams, protected vast areas of caribou habitat in the Western Arctic for future generations, and is advancing the Chumash Heritage National Marine Sanctuary off the coast of California. Rallying Leaders of the World’s Largest Economies to Raise Global Climate Ambition President Biden has restored America’s climate leadership at home and abroad. Under his leadership, the Administration is securing commitments from more than 155 countries to reduce methane emissions by at least 30 percent by 2030; successfully galvanizing other countries at COP28 to commit, for the first time, to transition away from unabated fossil fuels, stop building new unabated coal capacity globally, and triple renewable energy globally by 2030 and nuclear energy by 2050; launching a new Clean Energy Supply Chain Collaborative to work with international partners to diversify supply chains that are critical to a clean and secure energy transition; mobilizing other governments to follow the U.S. lead and commit to achieve net-zero government emissions by 2050 through a new Net-Zero Government Initiative; and becoming a world leader in innovative debt-for-nature swaps that have helped countries restructure over $2 billion in debt and unlock hundreds of millions of new financing for nature and climate.
Accelerating Federal Permitting to Deliver Clean Energy and Infrastructure More Quickly The Biden-Harris Administration has taken action to accelerate clean energy infrastructure and deliver other critical projects by securing and directing long overdue resources to improve and accelerate permitting and environmental reviews. The Administration also finalized the Bipartisan Permitting Reform Implementation Rule to address climate change, protect public health, encourage better environmental outcomes, and promote meaningful public input on Federal decisions and projects.
House Republicans Continue Attempting to Roll Back Climate Protections As President Biden and Vice President Harris implement the most ambitious and impactful climate and conservation agenda in history, House Republicans are taking action right now that would roll back investments in climate, clean energy, and public health. House Republicans’ efforts to gut climate protections through a variety of avenues – including appropriations bills, Congressional Review Act resolutions, and other legislative actions – would raise consumer energy costs, undermine public health protections, worsen the impacts of extreme weather events, and destroy environmental safeguards for our lands and waters.
Ongoing attempts by Congressional Republicans to roll back climate and environmental protections would:
Raise Consumer Energy Costs, including by:
Attempting to eliminate funding for the development of U.S. manufacturing capabilities in vehicles, trains and locomotives, maritime vessels including offshore wind support vessels, and aircraft.
Blocking progress on programs that support residential solar projects to reduce utility bills in low-income and disadvantaged communities, and clean energy tax credits that deliver economic benefits from new projects and factories in communities across the country.
Taking steps to undermine clean vehicle deployment by eliminating guidance implementing tax credits for new and used clean vehicles.
Targeting commonsense energy efficiency standards for appliances that are expected to deliver $1 trillion in consumer savings over 30 years
Trying to overturn a Biden-Harris Administration rule that will reduce by 96% the number of people with elevated cancer risk near certain chemical plants, by reducing emissions of toxic chloroprene and ethylene oxide from those facilities.
Rolling back the Clean School Bus program that will reduce climate pollution and provide cleaner air for our nation’s children.
During Climate Week, which coincides with the United Nations General Assembly meeting in New York, where climate has become a major issue in recent years, the Biden-Harris Administration announced a number of new initiatives including new investments to protect freshwater resources and enhance drought and climate resilience. This fact sheet is provided by the White House:
Our nation’s lakes, rivers, streams, estuaries, and wetlands are fundamental to the health, prosperity, and resilience of our communities and are held sacred by many Tribal Nations. They are not only the sources of clean drinking water that flows into the taps of our homes, but are also economic drivers supporting jobs and outdoor recreation across the nation. By absorbing and storing carbon, our nation’s waterways and wetlands – and the forests, grasslands, and farmlands they nourish – also play a critical role in the fight against climate change.
Since Day One, the Biden-Harris Administration has worked to secure clean water for all communities, protect our vital freshwater resources, and mitigate the impacts of drought. Given that communities often acutely experience the climate crisis through water-related impacts – from floods and droughts to polluted drinking sources and waterways – this Administration is making historic investments through President Biden’s Investing in America agenda to protect, conserve, and restore our freshwater basins and ecosystems.
Meanwhile, many Republicans in Congress continue to deny the very existence of climate change and remain committed to repealing the President’s Inflation Reduction Act – the biggest climate protection bill ever – which would undermine the health, safety, and economic vitality of their own constituents.
During Climate Week, the Biden-Harris administration is announcing new funding and whole-of-government initiatives that build upon its ambitious freshwater agenda and help restore and conserve our freshwater resources and address climate impacts felt across the nation:
Investing in Long-Term Colorado River Basin Resilience: The Biden-Harris Administration is leading a comprehensive effort to make Western communities more resilient to climate change and address the ongoing megadrought across the region, including the Colorado River Basin, by harnessing the full resources of President Biden’s historic Investing in America agenda. The Administration’s investments in the Lower Colorado River Basin bridge the immediate need for water conservation while moving toward improved system efficiency and more durable long-term solutions. Overall, the funding for long-term water conservation initiatives in the Lower Basin is expected to save more than 1 million acre-feet of water, putting the Basin on a path to a more resilient and sustainable water future.
The Department of the Interior’s Bureau of Reclamation is announcing the execution of the first three contracts for long-term water conservation under the Lower Colorado Basin System Conservation and Efficiency Program. Totaling approximately $107 million, taken together these first three projects – all with the Gila River Indian Community in the Lower Colorado River Basin of Arizona – will provide over 73,000 acre-feet of water conservation to support the sustainability of Lake Mead while also helping ensure long-term water resilience for the Community. The Bureau of Reclamation is also working on the companion program for the Upper Basin, which will provide additional water savings for the Basin’s long-term sustainability.
The Bureau of Reclamation is working with the following sponsors in the Lower Colorado Basin to negotiate water conservation contracts for ten additional proposed projects, including:
City of Phoenix
City of Tucson
Coachella Valley Water District
Salt River Valley Water Users’ Association & Salt River Project Agricultural Improvement and Power District
San Diego County Water Authority
Southern Nevada Water Authority
The Metropolitan Water District of Southern California
Town of Gilbert
The Department of the Interior’s Bureau of Reclamation is also signing agreements with the Imperial Irrigation District and the Bard Water District in partnership with the Metropolitan Water District in California to ensure the conservation of up to 717,100 acre-feet of water by 2026. This water will remain in Lake Mead in an effort to benefit the Colorado River System and its users.
Investing in Indian Country: The Department of the Interior’s Bureau of Reclamation has announced historic Tribal water infrastructure investments totaling over $1.2 billion through the Bipartisan Infrastructure Law, Inflation Reduction Act, Reclamation Water Settlement funding, and annual appropriations. This includes a new investment of $9.4 million for Tribal drought relief and technical assistance projects that will restore wetlands, improve irrigation efficiency, and support groundwater monitoring.
Reconnecting Waterways and Restoring Aquatic Ecosystems: With over $3 billion in funding for ecosystem restoration and fish passage projects, the Investing in America agenda is helping secure cleaner rivers, safer communities, greater recreational opportunities, and improved fish and wildlife habitat, driving change across the landscape for people, communities, species, and ecosystems.
The Administration is announcing a suite of 10 transformational fish passage projects that to date have received over $150 million from eight Federal agencies. When completed, these fish passage and aquatic connectivity projects – located in communities from Maine to Ohio to California – will reconnect nearly 5,000 miles of rivers and streams across the United States. Reconnecting waterways allows natural functions to be restored in freshwater systems, improving their climate resilience and water quality, and therefore their ability to protect communities from catastrophic floods, droughts, catastrophic wildfire, and water pollution. Improving fish passage and reconnecting aquatic systems is one of the most effective ways to help conserve vulnerable species, while building safer infrastructure for communities and improving climate resilience. To date, the Administration has spent over $970 million on more than 600 fish passage projects in 45 states across the country.
The Department of the Interior today is announcing an additional $92 million in new resources from the Bureau of Reclamation’s WaterSMART Aquatic Ecosystem Restoration Program to help restore important salmon and other native fish habitat across the West. These projects, when complete, will provide increased water quality, floodplain stability, and drought resiliency.
Collaborating with Stakeholders to Protect Freshwater Systems: At a Climate Week NYC event focused on the Global Freshwater Challenge, White House Council on Environmental Quality Chair Brenda Mallory announced a doubling of new partners in the America the Beautiful Freshwater Challenge – a nationwide initiative to protect, restore, and reconnect 8 million acres of wetlands and 100,000 miles of our nation’s rivers and streams by 2030. Over 100 members from across the country initially signed on to support freshwater restoration in their communities. That number has now more than doubled to over 211, including 14 states, 16 Tribal entities, 27 local governments, and 79 private sector members.
These announcements build on recent actions that deliver on the Biden-Harris Administration’s commitment to ensuring safe drinking water, including providing approximately $1 billion in funding to bring safe, clean water to Tribal communities; finalizing the first-ever standard to protect communities from toxic “forever chemicals,” along with rulemakings to hold polluters responsible for PFAS cleanup and to enhance safeguards against dangerous chemical spills in our nation’s waters; and continuing to deliver on President Biden’s goal to replace every lead pipe in America in the next decade. The Department of the Interior has invested more than $6.95 billion to fund over 831 Western water projects through the Bipartisan Infrastructure Law and the Inflation Reduction Act; the Environmental Protection Agency has leveraged more than $9 billion in the last two years alone to communities across the West; and other agencies from the Department of Agriculture to the U.S. Army Corps of Engineers continue to make investments that increase water availability, reduce water use, and enhance resilience.
The Biden Administration is accomplishing a real transition to clean energy and a sustainable green economy through promoting investments in technology, businesses, and innovation with state and local governments and private businesses, while demanding a framework of economic and environmental justice. This fact sheet listing Biden Administration actions to expand access to capital for small and medium sized climate businesses was provided by the White House:
Through President Biden’s Investing in America agenda, the U.S. is making the largest public investment in climate action in history. The Bipartisan Infrastructure Law and Inflation Reduction Act, the largest-ever investment in climate action, introduced and expanded grants, loans, tax incentives, and other programs to accelerate clean energy deployment, invest in resilience, and seed breakthrough innovative technologies. Combined with unprecedented executive action, these investments are setting the United States on a path to achieve President Biden’s ambitious climate goals — including cutting greenhouse gas emissions in half by 2030 and reaching net zero by 2050. President Biden’s historic economic policies have spurred unprecedented levels of private investment into America’s clean energy economy. Since the start of the Biden-Harris Administration, the private sector has announced $866 billion in new investments in clean energy and manufacturing.
Creating economic opportunity for all American communities, entrepreneurs, and workers is central to President Biden’s economic and climate agenda. The Biden-Harris Administration is committed not only to catalyzing investment for climate and clean energy companies, but also to expanding access to that investment, ensuring all communities, including those historically left behind, benefit from these unprecedented resources.
Today, National Economic Advisor Lael Brainard, National Climate Advisor Ali Zaidi, and Small Business Administrator Isabel Casillas Guzman will host a Climate Capital Convening at the White House with investors, climate technology start-ups, small business owners, and entrepreneurs to discuss opportunities to mobilize capital for climate-focused businesses across America.
The Biden-Harris Administration will also announce new actions and resources to expand access to climate capital:
Releasing the new Climate Capital Guidebook:
The Biden-Harris Administration is releasing a new Climate Capital Guidebook to provide a simple, comprehensive map of capital programs across the federal government that are available to climate-related start-ups, small- and medium-sized businesses, and their investors. While larger, institutionally-backed climate companies may have the resources to identify and access federal funding opportunities, smaller enterprises may face greater challenges in navigating these federal programs.
The Guidebook includes financing and funding programs created and expanded by the Biden-Harris Administration, including those made possible by the Bipartisan Infrastructure Law, the Inflation Reduction Act, and longstanding annual appropriations. It inventories opportunities across the entire federal government, including the Department of Energy, the Department of Agriculture, the Small Business Administration, and the Export-Import Bank of the United States. Together, these programs comprise hundreds of billions of dollars in grants, loans, loan guarantees, and other funding tools to spur the financing and deployment of new clean energy and climate projects — while simultaneously focusing on delivering cleaner air, good-paying jobs, and affordable clean energy to disadvantaged communities, energy communities, and other communities in need. The Guidebook also indicates programs that are part of President Biden’s Justice40 Initiative, which set the goal that 40% of the overall benefits of certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
Expanding financing to support small businesses’ adoption of clean energy:
Small businesses are a critical part of achieving net zero by 2050 and should have access to capital to deploy new clean energy and climate projects.
The Small Business Administration’s 504 Loan Program provides long-term, fixed rate loans of up to $5.5 million from Small Business Administration-approved lenders to small businesses for certain energy and manufacturing projects to support capital expenditures such as real estate or equipment. Previously, this program was capped at three loans per company, allowing each company to receive a total of $16.5 million in loans backed by the Small Business Administration. This month, the Small Business Administration is lifting its cap on the number of 504 loans that small businesses may receive for “energy public policy projects,” which include projects that reduce energy consumption such as retrofits and/or renewable energy projects such as adding solar. In lifting this cap, small businesses may now bundle multiple 504 loans to finance projects that leverage clean energy technologies to lower production costs, improve energy efficiency, and contribute to emissions reductions goals.
This change increases the total financing available to small businesses tackling climate change and investing in a clean energy future.
Today’s announcements build on prior Biden-Harris Administration actions to expand access to climate capital, including:
Expanding Financing for Clean Energy and Climate Solutions:
Thanks to the President’s Inflation Reduction Act, the Environmental Protection Agency is implementing the $27 billion Greenhouse Gas Reduction Fund, a first-of-a-kind national financing program to catalyze private investment in clean energy projects. The agency announced $14 billion for a National Clean Investment Fund, $6 billion for the Clean Communities Investment Accelerator, and $7 billion for the Solar for All Program. Together, these investments are creating new clean energy job opportunities and reducing pollution in low-income and disadvantaged communities, as part of President Biden’s Justice40 Initiative.
The Inflation Reduction Act contains new and expanded tax credits to support investment in new clean electricity generation projects, clean energy manufacturing plants, electric vehicle charging stations, and other clean energy projects. The law also contains new credit monetization provisions for direct pay and transferability, which are expanding eligibility to tax-exempt entities like cities, states, and nonprofit organizations and helping to lower the cost of financing clean energy investments.
Made possible by funding from the American Rescue Plan, the Department of the Treasury allocated nearly $10 billion through the State Small Business Credit Initiative to deliver funding to states, territories, and Tribal governments that spurs lending and support to small businesses. Several states are using funds from the State Small Business Credit Initiative to support climate-focused initiatives, for example: Connecticut is leveraging $89 million to launch a climate equity and venture capital program, Illinois is using $20 million to support its Climate Bank Finance Participation Loan Program, and New Jersey is committing $80 million to its Clean Energy Loans Program.
The Department of the Treasury, through the Community Development Financial Institutions Fund (CDFI Fund), is promoting access to capital in low-income communities through monetary awards and tax credits to certified CDFIs. The program recently began collecting data on climate-centered financing by CDFIs — including projects related to climate resilience, extreme weather response or preparation, emission reduction, sustainability, energy or water efficiency, and clean energy projects.
The Department of Defense and the Small Business Administration are jointly rolling out the Small Business Investment Company Critical Technologies Initiative to increase capital investment in technologies critical to U.S. economic and national security. The initiative provides equity, debt, and other capital investments in specified critical technology areas, including renewable energy generation and storage.
Funding Clean Energy and Climate Projects Across the Economy:
The Small Business Administration’s flagship 7(a) Loan Program provides small businesses access to financing for a wide variety of projects, including acquiring new real estate, working capital, refinancing, and purchasing new equipment. In August 2023, the Small Business Administration announced its Affiliation Rule and SBLC Rule. This rule included changes to how affiliation is assessed and removed “control” as a factor in determining eligibility of a borrower under current size standards. In effect, this change will enable more small businesses, especially innovative venture-backed companies, to access the credit they need to start up and grow.
The Small Business Administration plans to establish a new Working Capital Pilot Program under its signature 7(a) lending program to provide lines of credit to small businesses, including clean energy and climate technology manufacturers, to support their domestic or export finance needs. The program will be paired with business counseling from the Small Business Administration.
The Department of Energy is accepting Round 2 applications on behalf of the Internal Revenue Service for the Qualifying Advanced Energy Project Tax Credit, funded by the Inflation Reduction Act. After $4 billion in tax credits were allocated to taxpayers in Round 1 in Spring 2024, the program will allocate an additional $6 billion in tax credits to projects in three areas: clean energy manufacturing, critical materials, and industrial decarbonization. A portion of the funds have also been set aside for projects in certain designated energy communities.
The Bipartisan Infrastructure Law and Inflation Reduction Act created the Clean Ports Program and the Reduction of Truck Emissions at Port Facilities Program, both of which help advance the Justice40 Initiative. Through the Clean Ports Program, the Environmental Protection Agency is awarding $3 billion to fund zero-emission port equipment and infrastructure as well as climate and air quality planning projects at ports. Through the Reduction of Truck Emissions at Port Facilities Program, the Department of Transportation is investing $400 million in port electrification and efficiency; $148 million in awards were made earlier in 2024, and companies can apply to a second funding opportunity that will go live later this year.
The Departments of Energy and Transportation are working together with states to build out the infrastructure for an electric mobility future while furthering the Justice40 Initiative. The National Electric Vehicle Infrastructure Formula Program is providing a total of $5 billion over five years to states to deploy electric vehicle charging infrastructure along corridors, and the Charging and Fueling Infrastructure Program is providing an additional $2.5 billion over five years to fill gaps in the national network by installing chargers in various communities. The SMART Program is granting states $500 million over five years to conduct demonstration projects focused on advanced smart community technologies and systems that improve transportation efficiency and safety. And the Communities Taking Charge Accelerator Program is providing $54 million in funding for projects that expand community e-mobility access and provide reliable clean energy, accelerating the transition to electric vehicles, including in disadvantaged communities.
The Department of Housing and Urban Development and the Department of Energy are collaborating with state and local partners to ensure that funding for affordable housing development can also be used to deploy clean energy technologies like heat pumps. Programs like the Green and Resilient Retrofit Program, the annual Innovative Housing Showcase, and the Buildings Upgrade Prize highlight how funds for affordable housing can simultaneously benefit clean energy and climate companies.
Building Federal Resource Hubs and Providing Technical Assistance:
The Small Business Administration launched its Investing in America Small Business Hub, a new digital resource to help small businesses identify and access industry-specific tax credit, rebate, contracting, and grant opportunities made possible by President Biden’s Investing in America agenda.
The Environmental Protection Agency published a list of Clean Energy Finance Tools and Resources to help state and local governments access financing for clean energy and climate programs. This includes a toolkit for state and local decision-makers on financing opportunities such as green banks, revolving loan funds, municipal bonds, and green bonds.
The Department of the Treasury launched the IRA Taxpayer Resource Hub, a one-stop-shop for information on the Inflation Reduction Act’s clean energy tax benefits. The Hub details how businesses can take advantage of clean energy tax credits to help finance new investments in clean power systems, energy efficiency upgrades, or electric vehicles.
The Department of Housing and Urban Development launched the Build for the Future Hub to connect users — including state and local governments, Tribal entities, private entities, and non-profits — to funding opportunities, technical assistance, and other information related to clean energy, climate resilience, energy efficiency, green workforce development, and more.
The National Institute of Standards and Technology’s Manufacturing Extension Partnership provides a government-to-business and business-to-business portal for supplier scouting. Public and private organizations can access this portal for business or technology connections, including in clean energy and climate-related industries. Local Manufacturing Extension Partnership Centers facilitate government, original equipment manufacturer, and small and medium-sized manufacturer matchmaking events for clean energy companies.
The Department of Labor offers workforce development opportunities for clean energy and climate technology companies. The Office of Apprenticeship connects employers with workforce and education partners and provides technical assistance to launch and expand Registered Apprenticeship programs. The Battery Workforce Initiative — an industry-driven, government-facilitated partnership coordinated by the Department of Energy — is accelerating the development and use of high-quality, standardized training materials in key occupations for companies and local training providers in the battery manufacturing industry.
The U.S. Economic Development Administration designated 31 communities across the United States as Regional Technology and Innovation Hubs (Tech Hubs) to drive regional innovation, private investment, and job creation to strengthen each region’s capacity to manufacture, commercialize, and deploy technology that advances national security. The hubs in Florida, Idaho/Wyoming, Louisiana, Missouri, Nevada, New York, and South Carolina/Georgia cite a growing need for clean energy technologies to build global economic competitiveness.
The U.S. Economic Development Administration’s Build to Scale Program makes awards to strengthen regional innovation ecosystems that equitably support diverse technology innovators, entrepreneurs, and start-ups, including in clean energy and other climate-related industries.
People talk about putting a price on carbon as a key means of addressing climate change. But what would a carbon market look like?This fact sheet on the Biden Administration’s principles for high-integrity voluntary carbon markets was provided by the White House:
Since Day One, President Biden has led and delivered on the most ambitious climate agenda in history, including by securing the Inflation Reduction Act, the largest-ever climate investment, and taking executive action to cut greenhouse gas emissions across every sector of the economy. The President’s Investing in America agenda has already catalyzed more than $860 billion in business investments through smart, public incentives in industries of the future like electric vehicles (EVs), clean energy, and semiconductors. With support from the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act, these investments are creating new American jobs in manufacturing and clean energy and helping communities that have been left behind make a comeback.
The Biden-Harris Administration is committed to taking ambitious action to drive the investments needed to achieve our nation’s historic climate goals – cutting greenhouse gas emissions in half by 2030 and reaching net zero by 2050. President Biden firmly believes that these investments must create economic opportunities across America’s diverse businesses – ranging from farms in rural communities, to innovative technology companies, to historically- underserved entrepreneurs.
As part of this commitment, the Biden-Harris Administration is today releasing a JointStatement of Policy and new Principles for Responsible Participation in Voluntary CarbonMarkets (VCMs)that codify the U.S. government’s approach to advance high-integrity VCMs. The principles and statement, co-signed by Treasury Secretary Janet Yellen, Agriculture Secretary Tom Vilsack, Energy Secretary Jennifer Granholm, Senior Advisor for International Climate Policy John Podesta, National Economic Advisor Lael Brainard, and National Climate Advisor Ali Zaidi, represent the U.S. government’s commitment to advancing the responsible development of VCMs, with clear incentives and guardrails in place to ensure that this market drives ambitious and credible climate action and generates economic opportunity.
The President’s Investing in America agenda has crowded in a historic surge of private capital to take advantage of the generational investments in the Inflation Reduction Act and Bipartisan Infrastructure Law. High-integrity VCMs have the power to further crowd in private capital and reliably fund diverse organizations at home and abroad –whether climate technology companies, small businesses, farmers, or entrepreneurs –that are developing and deploying projects to reduce carbon emissions and remove carbon from the atmosphere.
However, further steps are needed to strengthen this market and enable VCMs to deliver on their potential. Observers have found evidence that several popular crediting methodologies do not reliably produce the decarbonization outcomes they claim. In too many instances, credits do not live up to the high standards necessary for market participants to transact transparently and with certainty that credit purchases will deliver verifiable decarbonization. As a result, additional action is needed to rectify challenges that have emerged, restore confidence to the market, and ensure that VCMs live up to their potential to drive climate ambition and deliver on their decarbonization promise. This includes: establishing robust standards for carbon credit supply and demand; improving market functioning; ensuring fair and equitable treatment of all participants and advancing environmental justice, including fair distribution of revenue; and instilling market confidence.
The Administration’s Principles for Responsible Participation announced today deliver on this need for action to help VCMs achieve their potential. These principles include:
Carbon credits and the activities that generate them should meet credible atmospheric integrity standards and represent real decarbonization.
Credit-generating activities should avoid environmental and social harm and should, where applicable, support co-benefits and transparent and inclusive benefits-sharing.
Corporate buyers that use credits should prioritize measurable emissions reductions within their own value chains.
Credit users should publicly disclose the nature of purchased and retired credits.
Public claims by credit users should accurately reflect the climate impact of retired credits and should only rely on credits that meet high integrity standards.
Market participants should contribute to efforts that improve market integrity.
Policymakers and market participants should facilitate efficient market participation and seek to lower transaction costs.
The Role of High-Quality Voluntary Carbon Markets in Addressing Climate Change
President Biden, through his executive actions and his legislative agenda, has led and delivered on the most ambitious climate agenda in history. Today’s release of the Principles for Responsible Participation in Voluntary Carbon Markets furthers the President’s commitment to restoring America’s climate leadership at home and abroad by recognizing the role that high- quality VCMs can play in amplifying climate action alongside, not in place of, other ambitious actions underway.
High-integrity, well-functioning VCMs can accelerate decarbonization in several ways. VCMs can deliver steady, reliable revenue streams to a range of decarbonization projects, programs, and practices, including nature-based solutions and innovative climate technologies that scale up carbon removal. VCMs can also deliver important co-benefits both here at home and abroad, including supporting economic development, sustaining livelihoods of Tribal Nations, Indigenous Peoples, and local communities, and conserving land and water resources and biodiversity. Credit-generating activities should also put in place safeguards to identify and avoid potential adverse impacts and advance environmental justice.
To deliver on these benefits, VCMs must consistently deliver high-integrity carbon credits that represent real, additional, lasting, unique, and independently verified emissions reductions or removals. Put simply, stakeholders must be certain that one credit truly represents one tonne of carbon dioxide (or its equivalent) reduced or removed from the atmosphere, beyond what would have otherwise occurred.
In addition, there must be a high level of “demand integrity” in these markets. Credit buyers should support their purchases with credible, scientifically sound claims regarding their use of credits. Purchasers and users should prioritize measurable and feasible emissions reductions within their own value chains and should not prioritize credit price and quantity at the expense of quality or engage in “greenwashing” that undercuts the decarbonization impact of VCMs. The use of credits should complement, not replace, measurable within-value-chain emissions reductions.
VCMs have reached an inflection point. The Biden-Harris Administration believes that VCMs can drive significant progress toward our climate goals if action is taken to support robust markets undergirded by high-integrity supply and demand. With these high standards in place, corporate buyers and others will be able to channel significant, necessary financial resources to combat climate change through VCMs. A need has emerged for leadership to guide the development of VCMs toward high-quality and high-efficacy decarbonization actions. The Biden-Harris Administration is stepping up to meet that need.
Biden-Harris Administration Actions to Develop Voluntary Carbon Markets
These newly released principles build on existing and ongoing efforts across the Biden-Harris Administration to encourage the development of high-integrity voluntary carbon markets and to put in place the necessary incentives and guardrails for this market to reach its potential. These include:
Creating New Climate Opportunities for America’s Farmers and Forest Landowners. Today, The Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) published a Request for Information (RFI) in the Federal Register asking for public input relating to the protocols used in VCMs. This RFI is USDA’s next step in implementing the Greenhouse Gas Technical Assistance Provider and Third-PartyVerifier Program as part of the Growing Climate Solutions Act. In February 2024, USDA announced its intent to establish the program, which will help lower barriers to market participation and enable farmers, ranchers, and private forest landowners to participate in voluntary carbon markets by helping to identify high-integrity protocols for carbon credit generation that are designed to ensure consistency, effectiveness, efficiency, and transparency. The program will connect farmers, ranchers and private landowners with resources on trusted third-party verifiers and technical assistance providers. This announcement followed a previous report by the USDA, The General Assessment of theRole of Agriculture and Forestry in the U.S. Carbon Markets, which described how voluntary carbon markets can serve as an opportunity for farmers and forest landowners to reduce emissions. In addition to USDA AMS’s work to implement the Growing Climate Solutions Act, USDA’s Forest Service recently announced $145 million inawards under President Biden’s Inflation Reduction Act to underserved and small- acreage forest landowners to address climate change, while also supporting rural economies and maintaining land ownership for future generations through participation in VCMs.
Conducting First-of-its-kind Credit Purchases. Today, the Department of Energy (DOE) announced the semifinalists for its $35 million Carbon Dioxide RemovalPurchase Pilot Prize whereby DOE will purchase carbon removal credits directly from sellers on a competitive basis. The Prize will support technologies that remove carbon emissions directly from the atmosphere, including direct air capture with storage, biomass with carbon removal and storage, enhanced weathering and mineralization, and planned or managed carbon sinks. These prizes support technology advancement for decarbonization with a focus on incorporating environmental justice, community benefits planning and engagement, equity, and workforce development. To complement this effort, the Department of Energy also issued a notice of intent for a Voluntary CarbonDioxide Removal Purchase Challenge, which proposes to create a public leaderboard for voluntary carbon removal purchases while helping to connect buyers and sellers.
Advancing Innovation in Carbon Dioxide Removal (CDR) Technology. Aside from direct support for voluntary carbon markets, the Biden-Harris Administration is investing in programs that will accelerate the development and deployment of critical carbon removal technologies that will help us reach net zero. For example, DOE’s CarbonNegative Shot pilot program provides $100 million in grants for small projects that demonstrate and scale solutions like biomass carbon removal and storage and small mineralization pilots, complementing other funding programs for small marine CDR and direct air capture pilots. DOE’s Regional Direct Air Capture Hubs program invests up to $3.5 billion from the Bipartisan Infrastructure Law in demonstration projects that aim to help direct air capture technology achieve commercial viability at scale while delivering community benefits. Coupled with DOE funding to advance monitoring, measurement, reporting, and verification technology and protocols and Department of the Treasury implementation of the expanded 45Q tax credit under the Inflation Reduction Act, the U.S. is making comprehensive investments in CDR that will enable more supply of high- quality carbon credits in the future.
Leading International Standards Setting. Several U.S. departments and agencies help lead the United States’ participation in international standard-setting efforts that help shape the quality of activities and credits that often find a home in VCMs. The Department of Transportation and Department of State co-lead the United States’ participation in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a global effort to reduce aviation-related emissions. The Department of State works bilaterally and with international partners and stakeholders to recognize and promote best practice in carbon credit market standard-setting—for example, developing the G7’s Principles for High-Integrity Carbon Markets and leading the United States’ engagement on designing the Paris Agreement’s Article 6.4 Crediting Mechanism. The U.S. government has also supported a number of initiatives housed at the World Bank that support the development of standards for jurisdictional crediting programs, including the Forest Carbon Partnership Facility and the Initiative for Sustainable ForestLandscapes, and the United States is the first contributor to the new SCALE trust fund.
Supporting International Market Development. The U.S. government is engaged in a number of efforts to support the development of high-integrity VCMs in international markets, including in developing countries, and to provide technical and financial assistance to credit-generating projects and programs in those countries. The State Department helped found and continues to coordinate the U.S. government’s participation in the LEAF Coalition, the largest public-private VCM effort, which uses jurisdictional-scale approaches to help end tropical deforestation. The State Department is also a founding partner and coordinates U.S. government participation in the EnergyTransition Accelerator, which is focused on sector-wide approaches to accelerate just energy transitions in developing markets. USAID also has a number of programs that offer financial aid and technical assistance to projects and programs seeking to generate carbon credits in developing markets, ensuring projects are held to the highest standards of transparency, integrity, reliability, safety, and results and that they fairly benefit Indigenous Peoples and local communities. This work includes the Acorn Carbon Fund, which mobilizes $100 million to unlock access to carbon markets and build the climate resilience of smallholder farmers, and supporting high-integrity carbon market development in a number of developing countries. In addition, the Department of the Treasury is working with international partners, bilaterally and in multilateral forums like the G20 Finance Track, to promote high-integrity VCMs globally. This includes initiating the first multilateral finance ministry discussion about the role of VCMs as part of last year’s Asia Pacific Economic Cooperation (APEC) forum.
Providing Clear Guidance to Financial Institutions Supporting the Transition to Net Zero. In September 2023, the Department of the Treasury released its Principles for Net-Zero Financing and Investment to support the development and execution of robust net- zero commitments and transition plans. Later this year, Treasury will host a dialogue on accelerating the deployment of transition finance and a forum on further improving market integrity in VCMs.
Enhancing Measuring, Monitoring, Reporting, and Verification (MMRV) The Biden-Harris Administration is also undertaking a whole-of-government effort to enhance our ability to measure and monitor greenhouse gas (GHG) emissions, a critical function underpinning the scientific integrity and atmospheric impact of credited activities. In November 2023, the Biden-Harris Administration released the first-ever National Strategy to Advance an Integrated U.S. Greenhouse Gas Measurement,Monitoring, and Information System, which seeks to enhance coordination and integration of GHG measurement, modeling, and data efforts to provide actionable GHG information. As part of implementation of the National Strategy, federal departments and agencies such as DOE, USDA, the Department of the Interior, the Department of Commerce, and the National Aeronautics and Space Administration are engaging in collaborative efforts to develop, test, and deploy technologies and other capabilities to measure, monitor, and better understand GHG emissions.
Advancing Market Integrity and Protecting Against Fraud and Abuse. U.S. regulatory agencies are helping to build high-integrity VCMs by promoting the integrity of these markets. For example, the Commodity Futures Trading Commission (CFTC) proposed new guidance at COP28 to outline factors that derivatives exchanges may consider when listing voluntary carbon credit derivative contracts to promote the integrity, transparency, and liquidity of these developing markets. Earlier in 2023, the CFTC issued a whistleblower alert to inform the American public of how to identify and report potential Commodity Exchange Act violations connected to fraud and manipulation in voluntary carbon credit spot markets and the related derivative markets. The CFTC also stood up a new Environmental Fraud Task Force to address fraudulent activity and bad actors in these carbon markets. Internationally, the CFTC has also promoted the integrity of the VCMs by Co-Chairing the Carbon Markets Workstream of the International Organization of Securities Commission’s Sustainable Finance Task Force, which recently published a consultation on 21 good practices for regulatory authorities to consider in structuring sound, well-functioning VCMs.
Taking a Whole-of-Government Approach to Coordinate Action. To coordinate the above actions and others across the Administration, the White House has stood up an interagency Task Force on Voluntary Carbon Markets. This group, comprising officials from across federal agencies and offices, will ensure there is a coordinated, government- wide approach to address the challenges and opportunities in this market and support the development of high-integrity VCMs.
The Biden-Harris Administration recognizes that the future of VCMs and their ability to effectively address climate change depends on a well-functioning market that links a supply of high-integrity credits to high-integrity demand from credible buyers. Today’s new statement and principles underscore a commitment to ensuring that VCMs fulfill their intended purpose to drive private capital toward innovative technological and nature-based solutions, preserve and protect natural ecosystems and lands, and support the United States and our international partners in our collective efforts to meet our ambitious climate goals.
This fact sheet on the Biden-Harris Administration’s agency climate adaptation plans to build climate resilience was provided by the White House:
Across the country, communities are experiencing the devastating impacts of climate change. From record-high average temperatures and extreme heat to changing precipitation patterns and sea-level rise, climate impacts – including disasters made worse by climate change – are affecting every corner of society and every community in America. The magnitude of challenges posed by the climate crisis was underscored last year when the nation endured a record 28 individual billion-dollar extreme weather and climate disasters that caused more than $90 billion in aggregate damage. Just this week, more than 82 million Americans have been under heat alerts due to extreme temperatures made worse by climate change. That is why President Biden is leading the most ambitious climate, conservation, and environmental justice agenda in history, which includes directing federal agencies to lead by example.
The Biden-Harris Administration released updated Climate Adaptation Plans developed by more than 20 federal agencies that expand agency efforts to ensure their facilities, employees, resources, and operations are increasingly resilient to climate change impacts like extreme weather. This work advances the Biden-Harris Administration’s National Climate Resilience Framework, which helps to align climate resilience investments across the public and private sector through common principles and opportunities for action to build a climate-resilient nation. These efforts are backed by President Biden’s Investing in America agenda, through which more than $50 billion is being delivered to advance climate adaptation and resilience across the nation, including in communities that are the most vulnerable to climate impacts.
At the beginning of his Administration, President Biden tasked agencies with leading a whole-of-government effort to address climate change through Executive Order 14008, Tackling the Climate Crisis at Home and Abroad. Federal agencies released initial Climate Adaptation Plans in 2021 and progress reports outlining advancements toward achieving their adaptation goals in 2022. With more than 300,000 buildings, four million employees, 640 million acres of public land, and $700 billion in annual purchases of goods and services, the federal government must continue to be a leader and partner in advancing adaptation and resilience.
In coordination with the White House Council on Environmental Quality (CEQ) and the Office of Management and Budget (OMB), agencies updated their Climate Adaptation Plans for 2024 to 2027 to better integrate climate risk across their mission, operations, and asset management, including:
Combining historical data and projections to assess exposure of assets to climate-related hazards including extreme heat and precipitation, sea level rise, flooding, and wildfire;
Expanding the operational focus on managing climate risk to facilities and supply chains to include federal employees and federal lands and waters;
Broadening the mission focus to describe mainstreaming adaptation into agency policies, programs, planning, budget formulation, and external funding;
Linking climate adaptation actions with other Biden-Harris Administration priorities, including advancing environmental justice and the President’s Justice40 Initiative, strengthening engagement with Tribal Nations, supporting the America the Beautiful initiative, scaling up nature-based solutions, mobilizing the next generation of climate resilience workers through the American Climate Corps, and addressing the causes of climate change through climate mitigation; and
Adopting common progress indicators across agencies to assess the progress of agency climate adaptation efforts.
Today, the Biden-Harris Administration is making available more than 20 updated Climate Adaptation Plans from major federal agencies. Highlights of key actions to address the effects of climate change on agency operations and mission-delivery include:
Building facility climate resilience. Agencies are retrofitting and upgrading federal buildings to better withstand climate hazards and provide emergency backup systems for power, water, and communications. For example, the Department of Defense’s Tyndall Air Force Base is working with local, state, and national partners to build an “Installation of the Future,” which includes using updated building codes that capture future conditions, and constructing living shorelines adjacent to the base to preserve water quality, enhance overall ecosystem health, and strengthen flood resilience. The General Services Administration (GSA) is integrating localized flood risk information into its asset management systems, asset planning processes, and site acquisition guidance for GSA-controlled, federally owned buildings.
Fostering a climate-ready workforce. Agencies are establishing protocols to ensure continuity of operations and safeguard federal employee wellbeing in the face of increasing exposure to climate-related hazards. The Occupational Safety and Health Administration within the Department of Labor is providing resources to help federal agencies address employee exposure to climate hazards such as extreme heat, flooding, and wildfires, with guidance on how to manage impacts and exposure to these hazards. To ensure employee safety, the Department of Energy is enhancing communication systems to alert employees to climate hazards in the workplace and, where needed, improving air filtration standards to manage health impacts of wildfire smoke.
Developing climate-resilient supply chains. Agencies are assessing mission-critical supply chains, diversifying their suppliers, and encouraging climate-smart sourcing to enhance resilience to climate-related disruptions. The National Aeronautics and Space Administration (NASA) is developing a toolset to analyze risks and address impacts from climate change and real-time disaster disruption on NASA’s supply chains. The U.S. Army Corps of Engineers is evaluating suppliers’ locations, infrastructure, and vulnerability to climate-related risks, including identifying critical supply chain nodes vulnerable to climate change impacts, such as ports, warehouses, and transportation routes.
Managing lands and waters for climate adaptation and resilience. Federal land and water management agencies are protecting, connecting, and conserving federal lands and waters to provide strongholds for species and enhance community wellbeing in a changing climate. The National Oceanic and Atmospheric Administration (NOAA) within the Department of Commerce continues to advance its Mission Iconic Reefs Initiative, a first-of-its-kind effort to restore coral reef sites and promote coastal resilience to climate impacts in the Florida Keys National Marine Sanctuary. The Department of the Interior is advancing “Keystone Initiatives” that include restoring Atlantic salt marshes to buffer coastal communities to flooding, supporting watershed restoration projects in the Klamath Basin to improve drought resilience, conducting fuels management activities in sagebrush ecosystems to manage wildfire risk.
Applying climate data and tools to decision-making. Agencies are using data and tools to better understand climate risks and inform decisions and investments. CEQ worked with NOAA to develop a beta screening tool that enabled agencies to overlay their buildings and employee data with climate hazard data to understand where agencies may be most exposed to climate-related hazards. Agencies are developing their own internal tools to understand site-specific climate risks to their assets and use that risk information to inform their investments. The Department of Transportation’s Climate Hazard Exposure and Resilience Tool integrates high-quality, publicly available natural hazard and climate projection data layers with vulnerability assessments from site managers to present a climate risk score for each facility or asset. The Department of Justice’s Facility Climate Hazard Assessment Tool supports components in assessing the extent to which their real property assets are exposed to current and future climate hazards, including coastal flooding, extreme heat, drought, wildfire, riverine flooding, hurricanes, and tornadoes.
Developing climate-informed policies and programs. Agencies are incorporating consideration of climate impacts and adaptation actions in federal policies and guidance, where relevant. For example, the U.S. Department of Agriculture’s Forest Service is updating or proposing climate-informed revisions to guidance and policies related to silviculture practices, beneficial uses of forest restoration byproducts, recreation, and designated areas planning, habitat and water resource management, and forest-level land management planning. The Department of Veterans Affairs is integrating health, demographic, and climate change information to anticipate the effects of climate change on Veterans’ health and plan for adjustments to their program delivery in the future. The Environmental Protection Agency is integrating consideration of climate risks into multiple actions as appropriate and where consistent with its statutory authorities: for example, in the development of rules, policy and guidance; permitting and environmental reviews; in monitoring, enforcement, and compliance activities; and in grant making.
Integrating climate resilience into external funding opportunities. Agencies are encouraging the consideration of climate impacts on federally-supported projects and advancing climate resilience through federal project delivery and grant-making, including incorporating climate-smart infrastructure practices across the Administration’s historic infrastructure investments. Department of State Bureaus have reviewed grant and foreign assistance announcements and requirements to ensure relevant grants and foreign assistance include climate risk and adaptation considerations. The Department of Housing and Urban Development is including climate change preference points in Notices of Funding Opportunities to encourage applications that invest in climate resilience, energy efficiency, and renewable energy. The Department of Homeland Security’s Federal Emergency Management Agency continues to incentivize and support climate adaptation at state and local levels via financial assistance programs such as the Hazard Mitigation Grant Program, the Flood Mitigation Assistance program, and the Building Resilient Infrastructure in Communities program.
The agencies releasing updated Climate Adaptation Plans are:
On Earth Day, President Biden is traveling to Prince William Forest Park in Triangle, VA, a national park system site developed by FDR’s Civilian Conservation Corps, to announce $7 billion in awards through EPA’s Solar for All program and unveil major steps to advance the American Climate Corps. This Fact Sheet outlining President Biden’s historic climate actions was provided by the White House :
When President Biden took office, he pledged to restore America’s climate leadership at home and abroad. On his first day in office, the President signed the United States back into the Paris Agreement. And each day since, the Biden-Harris Administration has continued to lead and deliver on the most ambitious climate agenda in history, including securing the largest ever climate investment and unleashing a clean energy manufacturing boom that has attracted hundreds of billions in private sector investment and created over 270,000 new clean energy jobs. The President’s agenda is also advancing environmental justice and ensuring that the benefits of climate investments reach overburdened communities, mobilizing the next generation of clean energy workers through the American Climate Corps, and delivering historic investments in our nation’s climate resilience. At the same time, the Administration is protecting America’s natural wonders, conserving more than 41 million acres of lands and waters.
Building on his climate, clean energy, and environmental justice agenda, President Biden will travel today to Prince William Forest Park in Triangle, Virginia, to celebrate Earth Day 2024, and highlight his Administration’s unprecedented progress in tackling the climate crisis, cutting costs for everyday Americans, and creating good-paying jobs.
Expanding Access to Affordable Solar Energy
The President will announce $7 billion in grants through the Environmental Protection Agency’s Solar for All grant competition, a key component of the Inflation Reduction Act’s $27 billion Greenhouse Gas Reduction Fund. Selectees under the Solar for All program will serve every state and territory in the nation and deliver residential solar power to over 900,000 households in low-income and disadvantaged communities, saving overburdened households more than $350 million in electricity costs annually – approximately $400 per household – and avoiding more than 30 million metric tons of carbon pollution over the next 25 years.
The selectees will provide funds to states, territories, Tribes, municipalities, and nonprofits across the country to develop long-lasting solar programs that enable low-income and disadvantaged communities to deploy and benefit from distributed residential solar. In total, solar projects funded by this program will create nearly 200,000 jobs. The program also advances the President’s Justice40 Initiative, which set a goal that 40% of the overall benefits of certain federal climate, clean energy, affordable and sustainable housing, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
Mobilizing the Next Generation of Climate Leaders through the American Climate Corps
Joined by future members of President Biden’s American Climate Corps, including current AmeriCorps members, President Biden will also announce several new actions to stand up the American Climate Corps – a groundbreaking initiative modeled after FDR’s Civilian Conservation Corps that will put more than 20,000 young Americans to work fighting the impacts of climate change today while gaining the skills they need to join the growing clean energy and climate-resilience workforce of tomorrow. The President will announce these actions at Prince William Forest Park, a national park system site developed by FDR’s Civilian Conservation Corps and stewarded by the Department of the Interior’s National Park Service.
Nearly a century after FDR established the Civilian Conservation Corps, President Biden will announce today that Americans can now apply to join the American Climate Corps through a newly launched website, ClimateCorps.gov. The website will feature nearly 2,000 positions located across 36 states, DC, and Puerto Rico. These positions are hosted by hundreds of organizations advancing clean energy, conservation, and climate resilience. The website, which is launching in its beta form, will be regularly updated with new American Climate Corps positions. Its goal is to make it easy for any American to find work tackling the climate crisis while gaining the skills necessary for the clean energy and climate resilience workforce of the future. The first class of the American Climate Corps will be deployed to communities across the country in June 2024.
The Biden-Harris Administration is also announcing a new partnership with the North America’s Building Trades Unions’ nonprofit partner TradesFutures. Beginning this summer, every American Climate Corps member will have access to TradesFutures’ industry leading apprenticeship readiness curriculum during their term of service in the American Climate Corps, providing members with the opportunity to be trained in the foundational skills necessary for careers in the clean energy and climate resilience economy and putting them on a pathway to good paying, union jobs.
Many American Climate Corps members will also have access to a streamlined pathway into federal service after a recent update to modernize the U.S. Office of Personnel Management’s Pathways Programs. The update will expand applicant eligibility for the Recent Graduates program to include individuals who have completed qualifying career or technical education service within designated American Climate Corps programs.
Today, three states – Vermont, New Mexico, and Illinois – are launching new state-based climate corps programs, building on 10 states that have already launched successful climate corps programs, demonstrating the power of skills-based training as a tool to expand pathways into good-paying jobs. These states will work with the American Climate Corps as implementing partners to ensure young people across the country are serving their communities, while participating in paid opportunities and working on projects to tackle climate change.
Additionally, beginning as a collaboration between the Department of the Interior, the Energy Communities Interagency Working Group, and AmeriCorps VISTA, a new interagency public private partnership – Energy Communities AmeriCorps – will place American Climate Corps members in priority energy communities across the country. The program will help support community-led projects, including environmental remediation, in the places that have powered our nation for generations.
Conserving America’s Lands, Waters, and Wildlife
These announcements come on the heels of a series of major conservation actions by the Biden-Harris Administration. Just last week, the Department of the Interior published a final rule to maximize protections of significant surface resources such as irreplaceable wildlife habitat for caribou and migratory birds on more than 13 million acres in the western Arctic while supporting subsistence uses and needs of Alaska Native communities. This action brings the number of acres of America’s lands and waters conserved under President Biden to 41 million. Additionally, the Interior Department released a final environmental analysis last week recommending denial of a right of way for the Ambler Road project; the proposed road, which would cross more than 200 miles of pristine lands, would have significant impacts on caribou and other subsistence resources upon which more than 60 Alaska Native communities rely.
In addition to these landmark conservation announcements in Alaska, the Interior Department released a rule to help guide the balanced management of all 245 million acres of America’s public lands that are overseen by the Bureau of Land Management. The rule will help to ensure the BLM continues to protect land health while managing other uses of public lands, such as clean energy development and outdoor recreation.
Throughout Earth Week, the Biden-Harris Administration will announce additional actions to build a stronger, healthier future for all: Tuesday will focus on helping ensure clean water for all communities; Wednesday will focus on accelerating America’s clean transportation future; Thursday will focus on steps to cut pollution from the power sector while strengthening America’s electricity grid; and Friday will focus on providing cleaner air and healthier schools for all children.
Biden-Harris Administration’s Top Climate Accomplishments
Deploying Clean, Affordable Electricity and Strengthening America’s Power Grid – President Biden has secured unprecedented investments in a clean power sector, unleashing a boom in American solar, wind, battery storage, and other clean energy technologies that are creating good-paying jobs and saving families money on utility bills. Through the Inflation Reduction Act and Bipartisan Infrastructure Law, U.S. solar generation is projected to increase up to eight-fold and wind generation is projected to triple by 2030. President Biden has jumpstarted the U.S. offshore wind industry, with 10 gigawatts of commercial-scale projects now approved, enough to power nearly four million homes, including two projects that are already delivering power to the grid and others with construction underway. The President’s Investing in America agenda is also supporting transmission buildout and other power grid upgrades, deployment of distributed energy resources in disadvantaged communities, investments in clean electricity across rural America, and American manufacturing of clean energy technologies – all in pursuit of the President’s goal of 100% clean electricity by 2035. Through the President’s Federal Sustainability Plan, the U.S. Government is leading by example and has already signed agreements to provide federal facilities in 18 states with 100% carbon pollution-free electricity by 2030.
And thanks to the Inflation Reduction Act, clean energy project developers get access to expanded tax incentives if they pay workers prevailing wages and employ registered apprentices, helping make more clean energy jobs good-paying and union jobs.
Accelerating a Clean Transportation Future – President Biden is taking a whole-of-government approach to position the U.S. as a global leader in innovative and sustainable transportation. The Administration’s National Blueprint for Transportation Decarbonization is a landmark strategy for cutting all greenhouse gas emissions from the U.S. transportation sector by 2050. The President’s Bipartisan Infrastructure Law and Inflation Reduction Act invest tens of billions to decarbonize shipping, trucking, transit, rail, and aviation, all while making communities more walkable, bikeable, and connected. And through the President’s Federal Sustainability Plan, the federal government has ordered over 58,000 zero-emission vehicles and has begun installing more than 25,000 charging ports, adding to the 8,000 already in use across the government.
In addition, the President rallied automakers and autoworkers around a historic goal of having electric vehicles (EVs) account for at least 50% of new passenger vehicles sold by 2030. To support this goal while driving down consumer costs, the Administration secured tax credits that reduce the cost of new or used clean vehicles by thousands of dollars directly at the dealership and is investing $7.5 billion into building out a national EV charging network. Since President Biden took office, EV sales have quadrupled, prices have come down by more than 20%, the number of charging stations has grown by over 80% – putting us on track to deploy 500,000 chargers by 2026 – and the U.S. auto industry has added more than 100,000 jobs. Driven by Biden-Harris Administration policies, the sector is experiencing a manufacturing renaissance with more than $160 billion of investments in EVs, batteries, and their supply chains. And just last month, the Environmental Protection Agency finalized the strongest-ever vehicle emission standards for light, medium, and heavy-duty vehicles.
Cutting Energy Costs and Pollution at Homes, Schools, and in Communities – Reducing building emissions through efficiency improvements and electrification lowers energy bills for families, improves resiliency, and creates good-paying jobs. The President has created new programs to save American families on their energy bills through the Department of Energy’s Home Energy Rebates, the Department of Housing and Urban Development’s Green and Resilient Retrofit Program, and Treasury’s Home Energy Tax Credits. The Biden-Harris Administration is also strengthening energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, while also reducing greenhouse gas emissions by 2.5 billion metric tons – equivalent to the emissions of 18 million gas-powered cars over 30 years. By invoking emergency authority, the President is expanding domestic heat pump manufacturing, which will cut the costs of heat pumps. To ensure that the 10 million new homes that will be built by 2030 are efficient and resilient, President Biden’s National Initiative to Advance Building Codes is accelerating adoption of modern building codes that protect people from extreme-weather events and help contribute to avoiding an estimated $1.6 billion a year in damages.
Revitalizing American Manufacturing for the Clean Economy – President Biden’s Investing in America agenda has helped catalyze historic manufacturing growth, with factories opening across the nation. To date, the private sector has announced nearly $700 billion in investments in manufacturing and clean energy. The President’s agenda is helping to make U.S. manufacturing the cleanest and most competitive in the world. The Inflation Reduction Act is investing more than $6 billion to slash climate pollution and support worker and community health at U.S. factories producing the steel, aluminum, cement, and other materials that form the backbone of our economy. To further support U.S. industrial competitiveness, the Biden Administration’s landmark Buy Clean initiative is leveraging the government’s sway as the largest purchaser on Earth to spur demand for low-emissions manufacturing and construction products.
Advancing Environmental Justice – Since Day One, the Biden-Harris Administration has prioritized a whole-of-government approach to environmental justice. The President signed a historic Executive Order that calls on the federal government to bring clean energy and healthy environments to all and mitigate harm to those who have suffered from pollution and environmental burdens like climate change. Through the Justice40 Initiative, over 500 programs across 19 federal agencies are being reimagined and transformed to maximize the benefits of President Biden’s unprecedented investments – from clean energy projects to floodwater protections to wastewater infrastructure – to communities that need them most. At the same time, the Administration is taking unprecedented action to protect communities from PFAS pollution, accelerate Superfund and brownfield cleanups, tighten standards for hazardous air pollutants, and enhance air quality enforcement.
Delivering Clean Water and Replacing Lead Pipes – President Biden and Vice President Harris are fighting to ensure a future where every American has access to clean, safe water. The President’s Bipartisan Infrastructure Law invests over $50 billion in upgrading the nation’s water infrastructure – the largest investment in clean water in American history. This funding is going towards expanding access to clean drinking water, replacing lead pipes, improving wastewater and sanitation infrastructure, and removing PFAS pollution in water. President Biden has also made a historic commitment to replace every toxic lead pipe in the country within a decade, protecting families from lead poisoning that can irreversibly harm brain development in children. Last year, the Environmental Protection Agency issued proposed improvements to the Lead and Copper Rule that would require water systems to rapidly replace lead service lines.
Conserving our Lands and Waters –The Biden-Harris Administration has taken historic action to conserve and restore America’s lands and waters, including signing an Executive Order to set the first-ever national conservation goal to conserve at least 30% of U.S. lands and waters by 2030 through the America the Beautiful Initiative. Last week the Administration launched Conservation.gov and the American Conservation and Stewardship Atlas, a new website and data portal that will help connect people with information, tools, resources, and opportunities to support land and water conservation projects in communities across the country. The Administration has already protected more than 41 million acres of lands and waters, and President Biden is on track to conserve more lands and waters than any President in history. This includes establishing five new national monuments and restoring protections for three more; creating four new national wildlife refuges and expanding five more; protecting the Boundary Waters of Minnesota, the nation’s most visited wilderness area; safeguarding Bristol Bay in southwest Alaska; and withdrawing Chaco Canyon in New Mexico and Thompson Divide in Colorado from further oil and gas leasing to protect thousands of sacred sites and pristine lands.
To conserve and steward old growth forests, USDA announced a proposal to amend 128 forest land management plans to conserve and steward old-growth forest conditions on national forests and grasslands nationwide. This builds upon the Biden-Harris Administration’s protection of Tongass National Forest, the largest intact temperate rainforest in the world. The Administration is also taking continued action to protect and conserve our nation’s rivers and watersheds for the people and communities that depend on them, protecting the stability and sustainability of the Colorado River Basin in the face of an ongoing megadrought, and beyond. This includes taking historic action to restore healthy and abundant wild salmon and steelhead in the Columbia River Basin, part of the Biden-Harris Administration’s unprecedented commitment to honor the United States’ obligations to Tribal Nations.
Investing in Climate-Smart Agriculture and Forestry – President Biden’s Investing in America agenda is supporting America’s farmers, ranchers, and forest landowners, who play a critical role in addressing the climate crisis through the deployment of climate-smart practices and systems. Under the Biden-Harris Administration, USDA has supported 80,000 farms in implementing climate-smart practices on over 75 million acres. In Fiscal Year 2023, USDA made record investments in private lands conservation, totaling nearly $3 billion in financial assistance to producers. Leveraging both climate impact and economic opportunities, the Administration is creating new market opportunities through the groundbreaking Partnerships for Climate-Smart Commodities and efforts that are part of the Sustainable Aviation Fuel (SAF) Grand Challenge.
Rallying Leaders of the World’s Largest Economies to Raise Global Climate Ambition –President Biden has restored America’s climate leadership at home and abroad. Under his leadership, the Administration is securing commitments from more than 155 countries to reduce methane emissions by at least 30 percent by 2030; successfully galvanizing other countries at COP28 to commit, for the first time, to transition away from unabated fossil fuels, stop building new unabated coal capacity globally, and triple renewable energy globally by 2030 and nuclear energy by 2050; launching a new Clean Energy Supply Chain Collaborative to work with international partners to diversify supply chains that are critical to a clean and secure energy transition; mobilizing other governments to follow the U.S. lead and commit to achieve net-zero government emissions by 2050 through a new Net-Zero Government Initiative; and becoming a world leader in innovative debt-for-nature swaps that have helped countries restructure over $2 billion in debt and unlock hundreds of millions of new financing for nature and climate.
First-of-its-kind national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution
Vice President Kamala Harris and EPA Administrator Michael Regan announced s $20 billion in awards to stand up a national financing network that will fund tens of thousands of climate and clean energy projects across the country, especially in low-income and disadvantaged communities, as part of President Biden’s Investing in America agenda.
This investment is part of the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, afirst-of-its-kind and national-scale $27 billion program funded through President Biden’s Inflation Reduction Act to combat the climate crisis by catalyzing public and private capital for projects that slash harmful climate pollution, improve air quality, lower energy costs, and create good-paying jobs. This program will ensure communities across the country have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.
Vice President Kamala Harris and EPA Administrator Michael Regan were joined by Governor Roy Cooper, Mayor Vi Lyles, and Congresswoman Alma Adams in Charlotte, North Carolina to announce the selections under these two grant competitions.
This historic investment will support a wide range of climate and clean energy projects, including distributed clean power generation and storage, net-zero retrofits of homes and small businesses, and zero-emission transportation, all of which can lower energy costs for families and improve housing affordability while tackling the climate crisis. Collectively, the selected applicants have committed to reducing or avoiding up to 40 million metric tons of carbon pollution annually over the next seven years, contributing toward the Biden-Harris Administration’s historic climate goals. In addition, selectees plan to mobilize almost $7of private capital for every $1 of federal funds—approximately $150 billion total—ensuring that today’s awards will have a catalytic, ongoing effect on the deployment of climate and clean energy technologies at scale, particularly in underserved communities.
The Greenhouse Gas Reduction Program advances the Biden-Harris Administration’s Justice40 Initiative, which sets the goal that 40% of the overall benefits from certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. At least70% of the funds announced today—over $14 billion of capital—will be invested in low-income and disadvantaged communities, including historic energy communities that have powered our nation for over a century, communities with environmental justice concerns, communities of color, low-income communities, rural communities, Tribal communities, and more. This makes the Greenhouse Gas Reduction Fund the singlelargest non-tax investment within the Inflation Reduction Act to build a clean energy economy while benefiting communities historically left behind.
Meanwhile, Republicans in Congress are already attempting to roll back these historic investments. Last month, the House of Representatives passed H.R. 1023, which would repeal the EPA’s Greenhouse Gas Reduction Fund. On March 19, President Biden issued a Statement of Administration Policy with his intent to veto that bill if it were to pass the Senate and come to his desk.
Greenhouse Gas Reduction Fund Selectees
The $20 billion in awards announced today will be deployed through eight selected applicants across two separate and complementary programs under EPA’s Greenhouse Gas Reduction Fund—the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). Together, the two programs will create a first-of-its-kind national network of mission-driven, community-led financial institutions that will finance climate and clean energy projects across the country, especially in low-income and disadvantaged communities.
Under the $14 billion National Clean Investment Fund (NCIF), selected applicants will partner with the private sector, community organizations, and others to provide accessible, affordable financing for new clean technology projects nationwide. While EPA required that at least 40 percent of NCIF funds flow to low-income and disadvantaged communities, each selected applicant significantly surpassed that requirement. Therefore, almost 60 percent of NCIF funds will flow to the communities that need it most. The three NCIF selectees are:
Climate United Fund ($6.97 billion award), a nonprofit formed by Calvert Impact to partner with two U.S. Treasury-certified Community Development Financial Institutions (CDFIs), Self-Help Ventures Fund and Community Preservation Corporation. Together, these three nonprofit financial institutions bring a decades-long track record of successfully raising and deploying $30 billion in capital with a focus on low-income and disadvantaged communities. Climate United Fund’s program will focus on investing in harder-to-reach market segments like consumers, small businesses, small farms, community facilities, and schools—with at least 60% of its investments in low-income and disadvantaged communities, 20% in rural communities, and 10% in Tribal communities.
Coalition for Green Capital ($5 billion award), a nonprofit with almost 15 years of experience helping establish and work with dozens of state, local, and nonprofit green banks that have already catalyzed $20 billion into qualified projects—and that have a pipeline of $30 billion of demand for green bank capital that could be coupled with more than twice that in private investment. The Coalition for Green Capital’s program will have particular emphasis on public-private investing and will leverage the existing and growing national network of green banks as a key distribution channel for investment—with at least 50% of investments in low-income and disadvantaged communities.
Power Forward Communities ($2 billion award), a nonprofit coalition formed by five of the country’s most trusted housing, climate, and community investment groups that is dedicated to decarbonizing and transforming American housing to save homeowners and renters money, reinvest in communities, and tackle the climate crisis. The coalition members—Enterprise Community Partners, LISC (Local Initiatives Support Corporation), Rewiring America, Habitat for Humanity, and United Way—will draw on their decades of experience, which includes deploying over $100 billion in community-based initiatives and investments, to build and lead a national financing program providing customized and affordable solutions for single-family and multi-family housing owners and developers—with at least 75% of investments in low-income and disadvantaged communities.
Through the $6 billion Clean Communities Investment Accelerator (CCIA), selected applicants will establish hubs that provide funding and technical assistance to community lenders working to finance clean technology projects in low-income and disadvantaged communities—leading to near-term deployment of climate and clean energy projects while building the capacity of community lenders to finance projects at scale for years to come. 100 percent of CCIA funds will flow to low-income and disadvantaged communities. The five selectees of the CCIA are:
Opportunity Finance Network ($2.29 billion award), a ~40-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 400+ community lenders—predominantly U.S. Treasury-certified CDFI Loan Funds—which collectively hold $42 billion in assets and serve all 50 states, the District of Columbia, and several U.S. territories.
Inclusiv ($1.87 billion award), a ~50-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 900+ mission-driven, regulated credit unions—which include CDFIs and financial cooperativas in Puerto Rico—that collectively manage $330 billion in assets and serve 23 million individuals across the country.
Native CDFI Network ($400 million award), a nonprofit that serves as national voice and advocate for the 60+ U.S. Treasury-certified Native CDFIs, which have a presence in 27 states across rural reservation communities as well as urban communities and have a mission to address capital access challenges in Native communities.
Justice Climate Fund ($940 million award), a purpose-built nonprofit supported by an existing ecosystem of coalition members, a national network of more than 1,200 community lenders, and ImpactAssets—an experienced nonprofit with $3 billion under management—to provide responsible, clean energy-focused capital and capacity building to community lenders across the country.
Appalachian Community Capital ($500 million award), a nonprofit CDFI with a decade of experience working with community lenders in Appalachian communities, which is launching the Green Bank for Rural America to deliver clean capital and capacity building assistance to hundreds of community lenders working in coal, energy, underserved rural, and Tribal communities across the United States.
Expanding Access to Clean Energy
Today’s historic Greenhouse Gas Reduction Fund announcement builds on a range of innovative tools and programs in President Biden’s Investing in America agenda that aim to empower the communities that can benefit most from new investments to take an active role in building the clean energy economy. These programs leverage a range of approaches to make it easier and more affordable for states, cities, Tribes, schools, nonprofit organizations, and businesses of all sizes to build, own, and benefit from cost-saving clean energy projects, invest in energy efficiency improvements, expand access to clean transportation, and participate fully in decisions that affect underserved communities and populations.
For example:
In March, the Treasury Department finalized rules for direct pay—a provision in the Inflation Reduction Act that enables, for the first time, tax-exempt entities like states, cities, Tribes, counties, territories, nonprofit organizations, public schools, hospitals, rural electric co-operatives, and more to access clean energy tax credits and fully participate in building and owning new clean energy projects. For example:
To meet its goal of 100% carbon free operations by 2030, the City of Madison, Wisconsin is planning to access $13 million via direct pay to support transitioning their municipal fleet to low and no-carbon vehicles, as well as for solar and geothermal energy projects.
The City of San Antonio, Texas is taking advantage of direct pay to build and own the largest municipal onsite solar project in Texas. This $30 million project will install roof top, parking, and park canopy solar photovoltaic systems at 42 city facilities to lower their energy costs and energy consumption and make progress toward their goal of achieving net-zero energy for all municipal buildings by 2040.
The Inflation Reduction Act’s transferability provision allows businesses to transfer all or a portion of certain clean energy tax credits to a third-party in exchange for cash, so that small businesses, start-ups, and other entities without sufficient tax liability may still take advantage of the credits. The Internal Revenue Service (IRS) has already registered more than 45,000 new projects seeking to benefit from this new tool, which is lowering financing costs for clean energy projects and helping accelerate the buildout of the clean energy economy.
The Low-Income Communities Bonus Credit program created by the Inflation Reduction Act promotes cost-saving clean energy investments in low-income communities, on Tribal lands, as part of affordable housing developments, and that benefit low-income households by providing a 10 to 20 percentage point bonus credit for up to 1.8 GW of small clean energy projects per year. In the first year of the program, the administration received more than 46,000 applications for allocations, signaling robust market demand to build projects serving low-income communities. The second year of the program will open for applications later this spring.
In March, the Department of Energy’s Loan Programs Office (LPO) offered its first conditional commitment through the Tribal Energy Financing Program, which was expanded and provided new loan authority by the Inflation Reduction Act to support tribal entities in building out energy infrastructure. LPO announced up to $72.8 million for a partial loan guarantee to finance the development of a solar-plus long-duration energy storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians near Alpine, California.
Last week, LPO offered its first conditional commitment through the Energy Infrastructure Reinvestment Program under Title 17 Clean Energy Financing Section 1706, first authorized and appropriated by the Inflation Reduction Act, to finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to reduce pollution. These projects direct new investment in historical energy communities that have powered our nation for over a century. Last week’s offer of a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades will finance the restoration and resumption of service of an 800-MW electric nuclear generating station in Covert Township, Michigan that closed in May 2022 and upgrade it to produce baseload clean power for decades to come.
Last week, the Department of Housing and Urban Development (HUD) Acting Secretary Todman traveled to Chicago to announce that the Department has now awarded more than half of the nearly $1 billion provided through the Inflation Reduction Act to make homes more energy-efficient, comfortable, and climate resilient for low-income Americans. The Green and Resilient Retrofit Program makes grants and loans to finance energy and climate renovations in HUD-assisted multifamily housing for low-income individuals, families, and seniors.
Since the start of the Biden-Harris Administration, the U.S. Department of Agriculture (USDA) has invested more than $1.8 billion through their Rural Energy for America Program, which provides guaranteed loan financing and grant funding for rural small businesses and agricultural producers to adopt clean energy and save money. President Biden’s Inflation Reduction Act invests more than $2 billion to expand this program, and USDA just announced the latest tranche of over $120 million in awards for projects in 44 states last week.
In December 2023, EPA announced 11 grant makers to receive $600 million from the Inflation Reduction Act through the Environmental Justice Thriving Communities Grantmaking Program to offer subgrants for environmental justice projects to local community-based organizations around the country. This new program is designed to make it easier for small community-based organizations to access federal environmental justice funding and responds to feedback about the need to reduce barriers to federal funds and improve the efficiency of the awards process to benefit underserved communities.
In November 2023, EPA announced approximately $2 billion in funding available to support community-driven projects that deploy clean energy, strengthen climate resilience, and build capacity for communities to tackle environmental and climate justice challenges. The Community Change Grants Program is the single largest investment in environmental justice going directly to communities in history, and will advance collaborative efforts to achieve a healthier, safer, and more prosperous future for all.
