Rural communities across the country could soon get a share of billions of dollars through an EPA “green fund.”
EPA Administrator Michael Regan has announced eight community development banks and non-profits will oversee a $20 billion dollar Green Bank. The purpose is to give financial grants to help complete green energy projects.
$4 billion of that would go to rural communities, with 70% of that required to go to socially disadvantaged or low-income communities.
Regan has also announced an update for the agency’s GREET model.
It was expected to be released on March 1st, but he now says that it is coming very soon.
Biofuel groups are anxious to see how the GREET model would apply to the Renewable Fuel Standard, especially when it comes to sustainable jet fuel.
Right now, the EPA is running on an analysis from 2010 for the RFS, which shows corn ethanol does not meet the requirements for advanced biofuels like sustainable jet fuel.
