[CPEO-BIF] Global Climate Change Mitigation Incentive Fund

[Lenny Siegel <lennysiegel@gmail.com>]

Global Climate Change Mitigation Incentive Fund

[The U.S. Economic Development Administration's] Global Climate Change 
Mitigation Incentive Fund (GCCMIF) was established to strengthen the 
linkages between economic development and environmental quality. The 
purpose and mission of the GCCMIF is to finance projects that foster 
economic development by advancing the green economy in distressed 
communities. The GCCMIF supports projects that create jobs through, and 
increase private capital investment in, efforts to limit the nation's 
dependence on fossil fuels, enhance energy efficiency, curb greenhouse 
gas emissions and protect natural systems.

In FY 2009, GCCMIF assistance is available to finance a wide-range of 
projects, from strategy development to construction. To access the 
GCCMIF, an applicant must provide appropriate information to allow EDA 
to verify that the proposed project fulfills the objectives of the fund 
by both project type AND project output. Specifically, the applicant 
must demonstrate that the project will be one of the following project 
types:

* Renewable Energy. The development, production, or use of energy 
derived from sources that do not deplete finite natural resources, 
including wind, solar, biomass, and geothermal energy.

* Energy Efficiency. A reduction in the energy produced or the energy 
consumed for the same level of output with the goal of lowering energy 
costs.

* Reuse/Recycling/Restoration. The reuse of a given product (or 
products), or production of a new or innovative product from recyclable 
materials. This might include waste management practices that reduce raw 
material usage and the amount of waste that ends up in landfills. This 
category also includes ecosystem restoration.

* Green Building. New construction or renovation that is certified by 
the US Green Building Council's under its Leadership in Energy and 
Environmental Design (LEEDTM) or other comparable certification program.


To download the complete fact sheet, go to
http://www.eda.gov/PDF/GCCMIF_%20OnePager_External%20_081409.pdf

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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