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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [266] [267] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [268]
The program has been known as RAISE since 2021, and has awarded 90 projects across 47 states plus the District of Columbia and Guam in 2021, 166 projects across 50 states and various territories in 2022, and 162 projects across 50 states and various territories in 2023. [11] In 2023, the program received $2.2 billion in federal funding. [12]
The credit rating agency says that the act would “modestly reduce inflation over the 10-year budget horizon,” with an average “reduction in CPI inflation of 3.3 basis points” per year.
The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [202] [203] In February 2024, $157 million was allocated to 206 projects linked to ecosystem restoration. The projects are spread all over the territory of the United States and are advanced in cooperation with states, tribes, nonprofits and ...
With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. Here's what's in the bill
For those who do not qualify for these rebates, the Inflation Reduction Act will grant tax credits for a heat pump installation (up to $2,000) and other energy-saving installations, like an ...