$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.


Wj

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