The Environmental Protection Agency outlined plans for a $27 billion 'green bank' to promote clean energy, which Republicans warned will be ripe for fraud and waste.
Energy expert Alex Epstein joins 'The Evening Edit' to dissect the shortcomings of the green energy movement.on Tuesday outlined how a "green bank" will provide nearly $27 billion in funding to help finance projects aimed at combating climate change that Republicans are warning will be at high risk for fraud and waste.
The so-called Greenhouse Gas Reduction Fund, which was created as part of the $739 billion Inflation Reduction Act Democrats enacted along party lines last year, will be tasked with facilitating investments inThe Environmental Protection Agency plans to award $20 billion in competitive grants for projects that reduce pollution and lower energy costs that will be administered by up to 15 nonprofit groups working with banks and financial institutions.
In this image provided by Portland General Electric, windmills and solar panels line a renewable energy facility in Lexington, Ore., May 24, 2022.solar energyEPA Administrator Michael Regan said the program will "deliver benefits to all in a transparent and inclusive fashion.
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