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Clean Energy Fund of Texas Marks Milestone as EPA Announces Funding for State Green Banks

HOUSTON – On February 14, 2023, the U.S. Environmental Protection Agency (EPA) released a funding request for proposals for its Greenhouse Gas Reduction Fund Program, and the Clean Energy Fund of Texas is ready to go.

In response, Clean Energy Fund of Texas Board Member and Houston attorney Billy Briscoe issued the following statement:

“Today is an important step for Texas as the EPA sets up a national “green bank” – a powerful tool for reducing emissions and finally investing in low-income and disadvantaged communities to advance environmental justice.

“The Clean Energy Fund of Texas is the first ‘green bank’ in Texas, and we’re ready to partner with the Coalition for Green Capital as it seeks EPA funding to create the first-ever national green bank. Here in Texas we are already seeing increased interest in energy efficiency, building retrofits, solar power and more.

“We have deep experience in Texas and have a pipeline of around $30 million in projects that the national green bank will be ready to fund on day one. Especially for the underserved communities we prioritize, this partnership with EPA means we’ll be able to deliver results immediately.

“The Greenhouse Gas Reduction Fund investment will reduce our dependence on fossil fuels and bring us closer to a future powered by renewable sources. And these upgrades will also reduce energy costs for Texans, benefiting vulnerable ratepayers the most. The job creation from our transition to a green economy will also help Texans get their footing and advance in their careers.”