March 15, 2024 | USDA |
The U.S. Department of Agriculture (USDA) Forest Service is allocating nearly USD145 million, the largest climate investment to date, from President Biden’s Inflation Reduction Act to link forest landowners with emerging climate markets. This initiative, part of the Investing in America agenda, aims to expand access to markets for underserved forest landowners, supporting climate resilience and rural economies. Investments include USD116 million for Forest Landowner Support projects, with a focus on equitable access for underserved communities. Additionally, grants to states and territories totaling USD29 million aim to develop technical assistance programs for underserved landowners. The initiative aligns with President Biden’s Justice40 Initiative and the America the Beautiful initiative, promoting conservation efforts and equitable benefits distribution. The Forest Service also offers funding opportunities for Tribes and Alaska Native entities to access climate markets. These efforts reflect USDA's commitment to transforming America's food system, fostering resilience, and promoting equity under the Biden-Harris Administration.