# Greenhouse Gas Reduction Fund: National Clean Investment Fund (66.957)

Source: https://welltoldgrants.com/programs/66-957-greenhouse-gas-reduction-fund-national-clean-investment-fund/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated November 7, 2026.

Greenhouse Gas Reduction Fund: National Clean Investment Fund is run by Environmental Protection Agency. From fiscal 2021 to 2025 it awarded $14 billion in 3 grants, about $4.7 billion per award.

## Objectives

The Inflation Reduction Act (IRA) amends the Clean Air Act to include Section 134 (42 USC § 7434), which authorizes the EPA to make competitive grants under the National Clean Investment Fund. The National Clean Investment Fund is currently funded by two separate appropriations to make competitive grants to eligible recipients: $11.97 billion from Section 134(a)(2) and $2 billion from Section 134(a)(3) (out of $8 billion provided in Section 134(a)(3)). The National Clean Investment Fund implements the statute’s use of funds for direct investments under Section 134(b)(1). Section 134(b)(1) directs recipients of funds for direct investments to (A) provide financial assistance to qualified projects at the national, regional, state, and local levels; (B) prioritize investment in qualified projects that would otherwise lack access to financing; and (C) retain, manage, recycle, and monetize all repayments and other revenue received from fees, interest, repaid loans, and any other financial assistance provided using the grant funds to ensure continued operability.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $0 | 0 |
| 2022 | $0 | 0 |
| 2023 | $0 | 0 |
| 2024 | $14 billion | 3 |
| 2025 | $0 | 0 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Climate United Fund | Maryland | $7.0 billion |
| Coalition for Green Capital | District of Columbia | $5.0 billion |
| Power Forward Communities, Inc | Maryland | $2.0 billion |