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Two U.S. Charities Announce $48-Million Clean Energy Fund

Two U.S. charities, Bloomberg Philanthropies and the Heising-Simons family, have announced $48 million in grants over three years to support states’ transition to clean energy.

“The Clean Energy Initiative is intended to help states implement [1] the U.S. EPA’s draft rule to reduce carbon pollution from the power sector by 30% below 2005 levels,” Greentech reports.

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“According to the EPA, the proposed power plant rules will produce climate and health benefits worth an estimated $55 billion to $93 billion in 2030, while avoiding 2,700 to 6,600 premature deaths.”

“With the price of clean power falling, and the potential costs of inaction on climate change steadily rising, the work of modernizing America’s power grid is both more feasible and urgent than ever,” said ex-New York Mayor Michael Bloomberg. “These grants will help states meet new federal clean power requirements in ways that save money and lives.”