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Unprecedented new and expanded federal programs have fundamentally shifted the landscape of what’s economically and politically feasible for state policymakers, creating a massive opportunity for states to unlock wide-ranging benefits and attract billions in federal funds and private investment for their residents and businesses.
Today, there are more reasons than ever before for states to proactively drive clean energy policy to reap economic, health, and environmental benefits for their citizens as the unparalleled influx of federal investment suddenly renders once ambitious policies cost-effective.
Introduction
RMI has identified five targeted policy interventions that can help states to:
- Secure wide-ranging economic, health, and environmental benefits, including new high-quality jobs, lower energy costs, increased federal and private sector investment, avoided deaths, reduced illness, and cleaner air and water
- Drive the energy transition in their state, joining the race to the top in a clean energy economy to capture the full opportunity of clean technologies and industries
- Attract billions in federal and private sector investments in the form of federal grants, rebates, and tax credits that keep investment dollars in-state as well as clean industry investments in new facilities, businesses, and jobs
Robust federal funding is available to help pay for five key state energy policies.
This table summarizes the different types of federal funding available to support each policy and includes links to view more information about each funding opportunity in AFFORD*.
These policies have been implemented across a wide range of states — geographically and politically — and are proven to drive the uptake of clean energy technologies, provide market certainty for clean energy industries, and ensure all communities realize benefits. We also provide alternate approaches for each policy to advance similar outcomes if these specific policies are not immediately feasible in a given state.
States can use this document to identify the relevant federal funding streams to support each policy. Notably, some funding streams — such as the State Energy Program, Greenhouse Gas Reduction Fund, Climate Pollution Reduction Grants, and Environmental and Climate Justice Block Grant Program — are highly flexible and can be applied in support of many different policies.
See RMI go into more depth on these five targeted policy interventions here.
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