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

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.

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