And on his tour through California, President Biden announced
a$575 million climate change initiative that's focused on resilience
in the Great Lakes and coastal regions. It's the
latest action that he's taking as the impacts of climate
change threaten communities across the US. Here with more
is Tter news, senior reporter Chloe, a Chloe
. What will this money address? It's going to
what's called the climate resilience? Regional challenge to a
competitive effort to fund projects in coastal and Great Lake
communities that are improving resilience against climate change related extreme
weather events like sea level rise, flooding and storm
surge. Take a listen to what Biden had to
say about that. We're taking the most aggressive climate
action ever. It's focused on mitigation which means historic
investments in developing clean energy by reducing dependence on fossil
fuel and resilience, which means communities, communities can
better withstand the impacts of climate change and extreme weather
. The challenge offers$575 million available through the inflation
reduction act eligible applicants include coastal states, territories,
counties, cities, tribes, public or private nonprofit
organizations as well as institutions of higher education. Now
, there are two tracks for this track, one
will award 20 to 25 applicants anywhere from 500,000 to
$2 million each. It's meant to form new regional
efforts or a existing efforts that push more coastal communities
to climate action. The second track will award 15
applicants larger sums anywhere from 15 million to$75 million
each. That's for implementing climate adaptation projects. Regionally
eligible projects include acquiring vulnerable land building, natural infrastructure
planning for relocation efforts for communities, strengthening or protecting
public access to coastal natural resources. And more.
Now, if you're interested in these programs, a
letter of intent is due August 21st and the full
application is due February 13 of 2024. Now,
Biden also mentioned a$2.3 billion investment into states territories
, tribes and Washington DC to boost grid resilience starting
with about$67 million in California. That funding is
meant to help the Golden State reduce impacts from extreme
weather, natural disasters and wildfires and ensure the reliability
of the state's power grid. Through this President Biden
said at the time last year alone, natural disasters
in America caused$165 billion in damage but the worsening
impacts are not inevitable. This is coming of course
as the side effects of climate change grow increasingly severe
. Interesting stuff, Chloe, thank you for that 00:02:35.159 --> report.