California IBank Invests $25M in Wildfire Innovation Fund
California IBank Invests $25M in Wildfire Innovation Fund
September 3, 2024 – California’s Infrastructure and Economic Development Bank (IBank) announced $25 million from the Climate Catalyst Revolving Loan Fund will be invested in the California Wildfire Innovation Fund to reduce wildfire risk. Funds will be used to restore California forests, improve forest health, and put new biomass technologies to work.
The California Wildfire Innovation Fund is managed by Blue Forest, a conservation finance non-profit that supports entrepreneurs and companies working toward forest restoration and economic revitalization.
The fund offers flexible, low-cost financial support for emerging opportunities across California’s forest restoration and wood utilization sectors.
U.S. Forest Service Announces Funding to Reduce Wildfire Risk
U.S. Forest Service Announces Funding to Local Businesses and Underserved Populations to Reduce Wildfire Risk
$25M Funding Opportunity to Reduce Wildfire Risk
August 6, 2024 – The U.S. Forest Service announced a funding opportunity through the Hazardous Fuels Transportation Assistance program to reduce wildfire risk, increase market opportunities, and support local jobs.
The program is available to local businesses that remove hazardous fuels from national forests and transport the material to be processed for wood products or services. Transporting the materials out of the national forest prevents them from being burned in the forests or left in place where they are subject to insects and diseases that increase the risk for wildfire.
The funding focuses on the removal of hazardous fuels with little commercial value, creating economic opportunities while improving overall forest health and resilience.
$15M to Help Underserved and Small-Acreage Landowners Access Climate Markets
August 28, 2024 – The U.S. Forest Service announced it is investing $15 million to connect underserved and small-acreage forest landowners with emerging climate markets. These investments will expand access to markets that were previously out-of-reach for underserved and small-acreage landowners to access new economic opportunities to maintain healthy working forests as pressures increase to convert forests to other uses. In California, nearly $2 million will go to the Shelterwood Collective, a 900-acre Indigenous, Black, Disabled, and Queer-led community forest and collective of land protectors and cultural changemakers.