CLIMATE CAPITAL GUIDEBOOK

 Through President Biden's historic Investing in America agenda, the Biden-Harris Administration has made the largest investment in history in climate, clean energy, and the environment. Under the Biden-Harris Administration, clean energy jobs are on the rise across the country, American manufacturing is booming, companies have announced hundreds of billions of dollars in clean energy investments, and the country is on a path to cutting climate pollution in half from 2005 levels by 2030 and achieving economy-wide, net zero emissions by no later than 2050.  To meet President Biden’s ambitious climate goals, the United States must increase its deployment of commercially-available clean energy technologies and invest in innovative technologies with game-changing potential. The Bipartisan Infrastructure Law, Inflation Reduction Act, and annual appropriations fund hundreds of billions of dollars in grants, loans, tax incentives, and other programs to spur the financing and deployment of new clean energy projects, while also delivering benefits through the Justice40 Initiative—including cleaner air, good-paying jobs, and affordable clean energy—to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. These public investments have crowded in a historical level of private capital. To date, private companies have already announced $866 billion in investments in industries such as semiconductors, electric vehicles, batteries, clean energy manufacturing and infrastructure, and more. Manufacturing facilities are already being stood up across the United States, including for technologies like batteries, electric vehicles, nuclear energy, wind and solar power, hydrogen, and heat pumps. The Biden-Harris Administration is committed to supporting small- and medium-sized companies investing in climate solutions, including those that have historically faced barriers to accessing lower-cost, non-dilutive forms of capital. While larger, institutionally-backed companies may have the resources to identify and access federal funding opportunities, smaller enterprises may face greater challenges in being able to access these federal incentives. Access to capital should not be a barrier to American businesses looking to build the clean energy economy of our country’s future.  The Climate Capital Guidebook aggregates current federal funding opportunities—including grants, loans, loan guarantees, and cooperative agreements—for small- and medium-sized companies, both start-ups and established businesses, focusing on clean energy technologies and other climate solutions. This resource includes programs funded by the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA), as well as those funded by annual appropriations. The Guidebook also notes which programs are part of the Biden-Harris Administration’s Justice40 Initiative, which set the goal that 40% of the overall benefits of certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. Each program is accompanied by a summary of the eligible entities, eligible projects, average deal or award size, application timeline, contact information, and additional useful information.  

This Climate Capital Guidebook highlights relevant federal funding opportunities but does not necessarily encompass all federal resources that can directly and indirectly support climate solutions, including funding opportunities that may open to applications in the future.  This Guidebook complements existing resources—including the Bipartisan Infrastructure Law Guidebook, the Bipartisan Infrastructure Law Tribal Playbook, the Bipartisan Infrastructure Law Rural Playbook, and the Inflation Reduction Act Guidebook—which detail funding opportunities made possible through the President’s Investing in America agenda. 

CLIMATE-CAPITAL-GUIDEBOOK-v5.29.2024-730pm.pdf (whitehouse.gov)