California Launches Climate Catalyst Fund for Advanced Technology Forest Biomass to Energy Projects
The California Infrastructure and Economic Development Bank (IBank), part of the Governor’s Office of Business and Economic Development, is now accepting project proposals for a new state program to combat climate change. Dubbed the Climate Catalyst Fund, the program will jumpstart critical climate solutions through flexible, low-cost credit and credit support. The program is open to both private and public sector applicants and will be flexible in offering a range of financial instruments to support innovative forest biomass projects.
Starting with a $47 million fund, the Climate Catalyst Fund’s initial focus will be on projects that reduce wildfire threats through forest biomass management and utilization. Starting in 2022-23, the Climate Catalyst Fund expects to expand to include climate-smart agriculture projects.
For more information, visit: The Climate Catalyst Fund website.