Greenhouse Gas Reduction Fund (GGRF)

The Greenhouse Gas Reduction Fund (GGRF) is a $27 billion investment to mobilize capital to address the climate crisis, especially in communities that have historically been left behind.

Authorized under the Inflation Reduction Act, the Greenhouse Gas Reduction Fund represents an unprecedented opportunity to bring environmental justice grants and climate financing products to low-income, low-wealth communities. More than 55% of the $27 billion GGRF is available for loans and grants in these communities.

More than 55% of the $27 billion Greenhouse Gas Reduction Fund is available for loans and grants in low-income, low-wealth, and disadvantaged communities.

The Greenhouse Gas Reduction Fund will be implemented across three environmental justice grant competitions: the $14 billion National Clean Investment Fund, the $6 billion Clean Communities Investment Accelerator, and the $7 billion Solar for All.

  • National Clean Investment Fund: Grants to national nonprofit organizations to partner with the private sector to provide accessible, affordable financing for clean technology projects across the country.
  • Clean Communities Investment Accelerator: Grants to national nonprofit “hubs” to deliver financial resources and technical assistance to build the climate lending capacity of community lenders working in low-income and disadvantaged communities.
  • Solar for All: Grants to state, local, Tribal, and territory governments to expand rooftop access to affordable, resilient, and clean solar energy in low-income, low-wealth communities.

Administered by the EPA, the goals of the GGRF are to reduce greenhouse gas emissions and other sources of air pollution, lower energy costs, create clean energy jobs, mobilize additional private capital, and strengthen local economies.

Community Lenders Will Finance an Inclusive Green Economy

CDFIs and other mission-driven community lenders are perfectly positioned to finance a just clean energy transition through the Greenhouse Gas Reduction Fund. They are specialized lenders with a long track record of driving affordable climate finance to low-income, low-wealth communities and communities of color.

CDFIs understand that these underserved communities require climate financing products, including environmental justice grants, that align with broader community goals: improved health, greater wealth, sustainable quality jobs, and a better standard of living.

With deep relationships in their communities, combined with an ever-expanding portfolio of climate financing products, mission lenders will unite environmental justice, climate justice, and economic justice via the Greenhouse Gas Reduction Fund.

Aerial view of green buildings in an urban setting. Environmental justice grants and loans under GGRF will over finance projects like these

OFN’s Approach to Finance Climate Justice

OFN aims to transform the market for clean energy finance in low-income and disadvantaged communities to combat climate change, improve equity, and deliver community benefits.

OFN has applied as a lead applicant to the Clean Communities Investment Accelerator (Read our news release).

OFN is a partner on applications to the National Clean Investment Fund with the Justice Climate Fund  and with Climate United.

Read Our Fact Sheet

What It Means for You

OFN will be a resource hub for community lenders growing their climate finance activities. With a combination of grants, technical assistance, and loans, OFN will support CDFIs and other community lenders all along the climate capacity path – from nascent to established climate lenders. This support will prepare community lenders to take on debt capital through the National Clean Investment Fund and deliver climate solutions at scale.


A group of workers install a solar panel for an affordable housing development

Support Greenhouse Gas Reduction with OFN

Subscribe to our mailing list

Stay in Touch

Sign up to receive the latest news and information from OFN about climate finance, including grants and funding, training opportunities, and all things related to the Greenhouse Gas Reduction Fund.

Sign Up for Emails

Join OFN

Join OFN

Mission-driven community lenders who meet OFN’s membership criteria are welcome to apply for membership and participate in this program.

Apply for Membership

Questions? Have questions or comments about OFN and the Greenhouse Gas Reduction Fund? Our contact form is the best way to reach us so we can route your request to the right person.


Climate Change and Resilience

CDFIs finance energy efficiency, weatherization upgrades, and other projects in underserved communities.

Learn More
Opportunity Finance logo

On the Blog

Read climate and clean energy-related news, stories, and voices from OFN and our members.

Learn More
Opportunity Finance logo

Training and Events

Explore training and resources to help practitioners gain climate-finance and other skills to meet community needs.

Learn More
Opportunity Finance logo

Partner with OFN to expand access to climate capital.

Invest in CDFIs