Utility Dive•8 days ago
Court agrees to rehear $14B climate funding freeze case
Key Takeaway
The resolution of this $14 billion climate funding freeze case will critically determine the pace and scale of clean energy project development and financing in the U.S. in the coming years.
AI Summary
- •A full U.S. Court of Appeals for the D.C. Circuit will rehear a case in February concerning the EPA's freeze of $14 billion in Greenhouse Gas Reduction Fund (GGRF) grants.
- •The outcome of this rehearing will directly impact the availability of substantial federal capital for climate-related projects, significantly influencing project economics and market activity for clean energy developers.
- •This legal challenge to EPA's administration of GGRF grants signals potential shifts in federal climate funding policy and accessibility, affecting long-term project planning and investment strategies.
- •Unfreezing these funds would unlock a significant pool of capital, enabling a new wave of clean energy, emissions reduction, and green infrastructure projects for developers and large power consumers.
Topics
emissionsfinancingirapolicysolarstoragewind
Article Content
The nonprofit recipients of $14 billion in Greenhouse Gas Reduction Fund grants frozen by the EPA are scheduled to have their case reheard by the full U.S. Court of Appeals for the District of Columbia Circuit in February.