The Green Obsidian’s Post

😍 If you can dream it, you can achieve it... Huge news in the US, as several CDFIs are selected to deliver the Greenhouse Gas Reduction Fund. 👇 With allocations of more than $2 billion for OFN, $1.87 billion for Inclusiv, Self-Help through a $7 billion consortium bid with NCIF, and hundreds of millions for the Native CDFI Community and Appalachian Community Capital. Can't wait to see something similar in the UK as CDFIs continue to rise up and consistently prove they are credible delivery partners. 😁 Read more in these two articles: https://lnkd.in/g6d8thX6 https://lnkd.in/ePfkyabX #CDFIs #ResponsibleFinance

VEIC is a proud partner of the Justice Climate Fund and want to thank the Biden Administration and the EPA for selecting the Justice Climate Fund (JCF) to begin award negotiations for the Greenhouse Gas Reduction Fund (GGRF) Clean Communities Investment Accelerator (CCIA) program.   These federal investments will help our country meet climate goals and reduce air pollution, advancing a better future for rural and urban families alike, including the communities we serve. In addition to reducing carbon emissions, the investments will also deliver greater economic security, creating better-paying jobs and opportunities for small businesses across America while also fostering financial inclusion via America’s Main Street financial institutions — the very community lenders that have delivered, for decades, financial opportunity, security and prosperity to struggling Americans.   JCF’s network of community lenders serves 281 million Americans — or almost 86% of this nation — and includes more than 1,000 CDFIs across every state in the nation and multiple territories. #strongertogether Read more here: https://lnkd.in/djbzzr9D

Recommended reading: Here are some great resources for CDFIs related to the Greenhouse Gas Reduction Fund.

We are proud to announce the NeighborWorks Capital Green Advisory Board, comprised of some of the industry's most knowledgeable and influential leaders who are joining together to support Greenhouse Gas Reduction Funds (GGRF) reaching low-income, disadvantaged, rural, and Native communities across the country. Members of the NeighborWorks Capital Green Advisory Board include Lee Anne Adams, Catherine Buell, Jose Cerda III, Daniel Cunningham, Joe Evans, Francesca Ioffreda, Florence Sterling Ludka, John Moon, Buzz Roberts, and Abigail Suarez, MBA. NeighborWorks Capital is a member of the Climate United Collaborative, which was awarded $6.97 billion under the National Clean Investment Fund through the GGRF, and is led by Calvert Impact , The Community Preservation Corporation, and Self-Help Credit Union. The coalition is a collaboration of experienced, mission-driven lenders and investors dedicated to bringing accessible clean energy solutions to #Justice40 communities across the country. Read the announcement: https://lnkd.in/gYvynS37 Learn more about NeighborWorks Capital Green: https://lnkd.in/g3nb-4xQ #EquitableCapitalInitiative #ClimateUnited #WeAreClimateUnited #EnergyEfficientHousing #SustainableFinance #GreenLending #CleanEnergy #EquitableHousing #EquitableCapitalInitiative

Green banks focus on clean energy and climate projects that they see as promising targets for private-sector lending, but which lack the track record to convince conventional lenders to invest. Last week the US named 8 groups - representing more than a dozen local nonprofits - to receive a total of $20 billion in funding from the Greenhouse Gas Reduction Fund, the official name for its green bank program. The structure is largely modeled after the green banks that now operate in 17 states — government-backed and nonprofit entities that offer low-cost loans and other financial support for rooftop solar, efficiency retrofits, electric heat pumps, EV charging and other carbon and pollution-reducing projects, with a focus on low-income and disadvantaged communities, reports Jeff St. John with Canary Media Inc. One awardee, the Native CDFI Network, Inc., intends to focus its efforts on reservations and in Native communities, reports Syris Valentine with Grist. In Australia, the Clean Energy Finance Corporation describes itself as a green bank. We look forward to similar outlays in funding to green banks with deep connections to First Nations communities. See articles referenced in the comments.

It takes all of us to make sure that future generations can enjoy a healthy planet. That is why #Finland is committed to solving environmental issues together with others. See examples of our best practices: https://untilweact.fi 📸: Pasi Markkanen/Finland Image Bank #EarthDay

As we continue to gain momentum in support of GGRF recipients, we often hear "can't we just build a green infrastructure platform to support green lending and EPA reporting?" And it reminds us of a wise saying. "You build everything three times. Once to figure out what you want, once to figure out how to build it, and once to build it." Over the last three years Banyan Infrastructure has invested millions in building a green infrastructure platform and the IRA/GGRF has done exactly what it was supposed to do. Given one part of the community (a team of passionate climate technologist betting on change) a historic and accelerated opportunity to do what our community is here to do. To make an impact in the lives of millions and thousands of communities in addition to being a small part of solving for climate change. We are #BanyanInfrastructure and we have been and are here to serve the community. #greenhousegasreductionfund #ggrfcommunity #createstandards #makinganimpact #inflationreductionact #partnerwithbanyan

One of the Inflation Reduction Act's biggest funding mechanisms is the $27 billion Greenhouse Gas Reduction Fund, which gives the US Environmental Protection Agency (EPA) enormous lending power to award grants to “mobilize financing and leverage private capital for clean energy and climate projects.” Last April, The White House and the EPA announced $20 billion in awards designed to prop up a “national financing network that will fund tens of thousands” of such projects, with a focus on “low-income and disadvantaged communities.” The orgs selected to receive portions of these funds and properly allocate them now represent the closest thing the U.S. has to a federal green bank. In my latest for Green Building Advisor, I connected with reps from a handful of grant recipients, including an enlightening conversation with Donna Gambrell, CEO of Appalachian Community Capital, on how these funds will be managed and the kinds of tangible impacts these federal dollars can have within smaller communities in need. https://lnkd.in/e6sUH2vv #greenbanks #greenbuildings #infrastructure #greeninvestments #cleancommunities #lowcarboneconomy #lowcarbonfuture #communitydevelopment #CDFI #Justice40initiative Coalition for Green Capital | Climate United | Power Forward Communities | Justice Climate Fund | Native CDFI Network, Inc. | Inclusiv | Opportunity Finance Network

Excited to share insights on the transformative potential of the Greenhouse Gas Reduction Fund (GGRF) in my latest post. Together with Anasa Scott-Laude, LEED AP we delve into key strategies for leveraging the GGRF to drive sustainable change in low-resourced communities. Join the conversation and let's explore how this historic investment can pave the way for a greener, more equitable future. #ggrf #epa https://lnkd.in/eQ9TGwih

A lot of good context and information here