"WASHINGTON - The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities around the United States to deploy low- or zero-emissions projects.

The Greenhouse Gas Reduction Fund is part of the administration's broader effort to combat climate change and environmental injustice.

"It's exciting to know that we are creating a program that will infuse billions of dollars of capital into local communities that will have a direct impact on energy efficiency programs, community solar programs or programs that they know will reduce pollution and create jobs," EPA Administrator Michael Regan told Reuters on Friday in an interview."

Valerie Volcovici reports for Reuters October 21, 2022. [2]