Environmental justice investors: It’s the demand-side, stupid!
Environmental justice investors believe that the Biden administration, the Environmental Protection Agency (EPA), and the Greenhouse Gas Reduction Fund could quickly realize their aims of reducing greenhouse gas pollution by investing in project readiness in marginalized communities. They argue that a significant amount of equity and access to knowledge from unbiased sources is required to help organizations implement green energy technology. Project readiness is the key to removing barriers to reaching this goal, and by earmarking $12 billion, less than half of the $27 billion pot, the EPA could ensure more than 150,000 projects in these communities are made ready. This would encourage investors to finance these projects, which many are keen to do, to meet climate and equity goals