USDA to Invest $150 Million in Voluntary Climate Markets for Forest Landowners

Key Points:

– The U.S. Department of Agriculture (USDA) plans to invest $150 million from President Biden’s Inflation Reduction Act to assist underserved and small acreage forest landowners in connecting to emerging voluntary climate markets. – The funding aims to provide economic opportunities for these landowners and encourage improved forest health and management. – Voluntary climate markets can offer financial incentives for sustainable practices such as reforestation, afforestation, and carbon sequestration. – The investments will help landowners access technical assistance, resources, and tools needed to participate in these markets. – By promoting sustainable forest management, the USDA aims to address climate change, enhance biodiversity, and support local economies.

Closing paragraph:

The USDA’s decision to invest $150 million in voluntary climate markets for forest landowners is a significant step towards mitigating climate change and promoting sustainable land management. This funding will not only provide economic opportunities for underserved and small acreage landowners but also incentivize improved forest health and management practices. By participating in voluntary climate markets, these landowners can play a vital role in addressing climate change while simultaneously enhancing biodiversity and supporting local economies. The USDA’s commitment to connecting landowners with technical assistance and resources demonstrates their dedication to fostering innovation and leveraging modern technologies in agriculture. Overall, this investment marks a historic milestone in the fight against climate change and sets a precedent for future climate investments in the agricultural sector.
Original Article:https://www.usda.gov/media/press-releases/2023/08/22/biden-harris-administration-invests-150m-connect-underserved-and