Biden Signs Inflation Reduction Act Affecting Health, Climate and the Economy

Biden Signs Inflation Reduction Act Affecting Health, Climate and the Economy. On August 16, President Biden signed a landmark climate change and health care bill into law. The Act includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade, and significant investments in wildfire and forest resilience including:

Wildfire Resilience and Ecosystem Restoration

• $1.8 billion for hazardous fuels reduction projects on National Forest System land within the wildland-urban interface.
• $200 million for vegetation management projects on National Forest System land.
• $250 million for conservation, ecosystem, and habitat restoration projects on National Park Service and Bureau of Land Management lands.

Climate-Smart Forestry for Non-Federal Forest Landowners

• $450 million for grants to support climate mitigation, forest resilience, and carbon sequestration and storage practices.

Urban and Community Forests

• $1.5 billion for competitive grants to cities, tribal nations, nonprofits, and other eligible entities.

Forest Conservation

• $700 million for competitive grants through the Forest Legacy Program.

Forest Products and Innovation

• $100 million for grants under the Wood Innovation Grant Program.