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USAFacts
USAFacts
Environment

What are green banks?

The Inflation Reduction Act — which was signed into law by President Joe Biden — invests $300 billion in deficit reduction and nearly $370 billion in energy security and climate change programs over the next 10 years.

One of the environmental provisions inside the bill establishes a National Green Bank, a program that's designed to help launch and leverage private funding for clean energy projects across the US.

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