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Court rules against Trump EPA’s freeze of $20B in ‘green bank’ funds
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Canary Media
Tuesday’s divided ruling from the U.S. Court of Appeals for the D.C.
In March 2025, the EPA moved to freeze $20 billion in funding under the Greenhouse Gas Reduction Fund (GGRF), which was created by the 2022 Inflation Reduction Act and is commonly known as the federal “green bank” program.
The idea was to put federal money to work to boost financing for clean energy and climate-oriented projects in communities that have traditionally lacked access to it.
That effort has been frozen in its tracks by the current EPA, forcing the nonprofits awarded grants to curtail operations.
Those groups argued that the EPA’s actions violated the law by not spending money authorized by Congress.