By Ashleigh Fields,
AFRO Assistant Editor,
afields@afro.com
Vice President Kamala Harris announced a $20 billion investment in renewable energy at Coppin State University in Baltimore today at 3:15 p.m. The Biden Administration hopes this will motivate private businesses to complete projects that lower the pollution levels in communities across the country.
“It means when a small business in Baltimore wants to put in a new HVAC system or put solar panels on their roof to save on energy costs—regardless of their zip code—they will have access to a low-cost loan to complete that project,” said Michael Regan, Administrator of the U.S. Environmental Protection Agency (EPA) and NC A&T graduate.
The project’s funds stem from the Greenhouse Reduction Act which Biden introduced to help ease the inflation rate. The administration has committed $27 billion to mobilize industries to increase their buy in on a clean financing network.
Harris shared remarks that signal future opportunities, “… think of all the jobs these investments will create. Including many good-paying, union jobs. Jobs for the workers of IBEW who will install energy-efficient lighting; jobs for Sheetmetal workers who will replace gas furnaces with electric heat pumps; jobs for laborers who will build net-zero housing.”
The briefing was hosted by the Coppin State University College of Business, which recently retrofitted its building to attain LEED certification by boosting energy and water use efficiency. A goal that the administration hopes other companies will soon follow suit with.
“When we invest in climate, we invest in jobs, we invest in families and we invest in America,” said Harris.
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