$27 billion in green funds from the Cut Inflation Act could be a boon for the private sector

The energy package recently passed by the Senate includes $27 billion for so-called green banks that funnel money into renewable projects, though some of the biggest beneficiaries may end up being private sector investors. .

The legislation allocates the money to a greenhouse gas reduction fund, with about $20 billion earmarked for national or regional funds that would be overseen by the Environmental Protection Agency. The rest of the money is intended to go to state and local beneficiaries.


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