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Breaking down the Inflation Reduction Act program by program, incentive by incentive
The Inflation Reduction Act is the biggest investment in clean energy and climate solutions in American history, so it can be hard to keep track of everything in it. This spreadsheet breaks down the funding opportunities in the bill in a way that allows a variety of users to easily find out which IRA programs and tax incentives can benefit them.
In particular, this spreadsheet was developed for use by:
- State and local/municipal governments
- Tribal Nations
- Businesses
- Non-profits
- Institutions of higher education
- Individual consumers
Biden-Harris administration announces availability of Inflation Reduction Act funding for climate-smart agriculture nationwide
[Jargon alert, the article will explain more]
The IRA funding includes an additional $8.45 billion for EQIP, $4.95 billion for RCPP, $3.25 billion for CSP, and $1.4 billion for ACEP. The increased funding levels begin in fiscal year 2023 and rapidly build over four years. These additional investments are estimated to help hundreds of thousands of farmers and ranchers apply conservation to millions of acres of land.
Additionally, the IRA provides $300 million to quantify carbon sequestration and greenhouse gases (GHG) through the collection and use of field-based data to assess conservation outcomes. Information gained through this effort will be used to….
As Congress funds high-tech climate solutions, it also bets on a low-tech one: nature
[B]eyond those headline-making investments, the legislation acknowledges a less-heralded but essential part of the effort to combat climate change: nature. Or, more precisely, that given a chance, nature can be a profound ally in the fight against climate change…
Americans beginning to correlate extreme weather with a climate crisis, but purse strings are still tight
Broader socioeconomic factors are also affecting those who are experiencing weather events, and more importantly, how these parties can financially respond to these events — and thus how willing they are to pay even more.
For instance, only 29% of households that experienced extreme events had 100% of their damages covered by insurance. Renters though had it worse — with those who have experienced extreme events being uninsured 70% of the time…
U.S. Climate Resilience Toolkit: funding opportunities
Many of the strategies for increasing climate resilience come with a price tag. Increasingly, funding for local climate adaptation and resilience projects must draw on a range of public and private financing. For instance, groups may apply for federal grant funding, work through public/private partnerships, and/or fund projects through local taxes.
Linking prairie carbon sequestration and other co-benefits to the voluntary carbon market
A research study at Midewin concluded that prairie restoration led to increased carbon stocks in degraded soils. At Midewin, new restorations contained about 1.5x more carbon than no-till row crops and remnant prairie soils contained about 3 to 4x the carbon stocks than no-till row crops. To supplement the research a literature review was conducted and based on 29 studies, perennial grasslands sequestered on averaged 1.7 metric tons of CO2 per acre per year…
SunCommon financing program helps Vermont organic farmers go solar
SunCommon, headquartered in Waterbury, Vermont, launched a program that offers to help Organic Valley farmers go solar with zero upfront costs. Organic Valley is the largest farmer-owned organic cooperative in the US with a footprint of 100+ Vermont farms. The program provides Organic Valley farmer-members with financing for solar and other renewable energy projects. Farmers benefit from a fully-funded solar installation with no upfront costs, and they save on their energy bill…
What businesses [including land trusts] should know about the evolution of rural solar
Solar projects certainly are growing rapidly throughout the United States, with total installed capacity just shy of 70 gigawatts and a contracted pipeline of 27.9 GW, according to SEIA. A recent Wall Street Journal analysis of EIA data reported that solar projects occupied 258,000 acres in 2018, while NREL estimates that solar will occupy 3 million acres by 2030.
That may be a small fraction of the nearly 900 million acres of farmland in the United States (PDF), but it’s enough to make agricultural communities apprehensive about the advance of solar onto previously pastoral land. While landowning farmers are grateful for the steady income that comes from leasing to solar projects, others in rural areas—including many state agricultural departments—are still grappling with what the growth of solar will mean for their concept of rural land and role as agricultural boosters…
And with wind and solar cropping up in more rural communities, the bar is being set higher. “The future for renewable energy has to include a sustainable land use component,” Hoosier Energy’s Cisney said. In leveraging new partnerships and co-location opportunities among developers, farmers and local communities, rural America has the potential to assume a more active leadership role in cooperatively advancing the clean energy transition…
Urban forestry takes on the world. But first, Rhode Island
Among dozens of new trees transforming a muddy Catholic elementary schoolyard, the pastor opened his Bible only a handful of pages, going full Old Testament in his impassioned spiritual plea for more trees.
Beside him stood Rhode Island’s Governor Gina Raimondo, who had just given an equally impassioned speech about the many scientific and public health benefits of trees. And when the children were unleashed with shovels to plant the final tree, it reminded everyone what perspective matters most: creating a stable future together…
Startups aim to pay farmers to bury carbon pollution in soil
Last summer, Boston-based Indigo Agriculture made headlines in business media with the announcement of its Terraton Initiative, which aims to pay growers to sequester one trillion tons of carbon dioxide.
Although Indigo is involved in a range of farm-related activities, from microbial seed treatments to agronomy (expert farm consulting, essentially) and crop transportation, soil carbon is a major focus. The company has promised that farmers who signed up for its carbon program before the end of 2019 will receive at least $15 per metric ton sequestered. Payments will be financed partly through the sale of offsets, which go for $20 per ton. As of late January, growers had committed more than 17 million acres to the program, according to Indigo’s website…