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Today’s Highlights:
🔝Top Story: Biden-Harris Administration Announces $1.35 Billion to Increase Climate Resilience Nationwide.
💲Investment: Sunfire raised €200M for hydrogen, Inari secured $144M for AI-driven seed tech, and Fermata raised $10M for AI crop management.
🔬 Innovation: Carbon Vanish developed a novel CO2 removal method using olivine, air bubbles, and music to accelerate absorption.
🔄 Integration: Canada invests $11M in clean fuels, Vale and GreenIron push green hydrogen in Brazil, and the UAE aims for low-carbon hydrogen leadership by 2030.
💡 Intelligence: Sustainability & Climate Tech Predictions for 2025 from Industry Experts.
Biden-Harris Administration Announces $1.35 Billion to Increase Climate Resilience Nationwide
Image Credit: FEMA
FEMA Grant Overview and Funding Allocation
FEMA announced $1.35 billion in grants for two key resilience programs: the Building Resilient Infrastructure and Communities (BRIC) program, offering $750 million, and the Flood Mitigation Assistance program, with $600 million for flood risk mitigation projects. These programs are part of the Biden Administration’s Investing in America Agenda, aiming to enhance climate resilience nationwide. Funding will support efforts to reduce vulnerability to extreme weather events, with a focus on community-driven projects and hazard mitigation planning.
Commitment to Equity and Simplified Application Process
FEMA’s grants are aligned with the Justice40 Initiative, prioritizing disadvantaged communities. The agency exceeded its Justice40 goals, allocating a significant portion of the funding to these communities. To support broader participation, FEMA simplified the application process by reducing costs, providing tailored technical support, and offering pre-calculated benefits for many projects. Special provisions are in place for Tribal Nations and underserved areas, ensuring equitable access to funding and resources.
Key Deadlines and Application Details
The application window for the FY 2024 BRIC and Flood Mitigation Assistance grants opens on January 6, 2025, and closes on April 18, 2025. FEMA has set a $150 million cap per applicant to ensure a diverse distribution of funds. Additionally, up to $50 million is reserved exclusively for Tribal Nations, with a $2 million cap per tribe. Applicants can submit through FEMA Grants Outcomes, and several webinars will be held to guide local, state, and tribal governments through the process. Read More
Investment Highlights of the Day
- Sunfire secured €200 million in financing, backed by German public guarantees, to scale its electrolysis production and hydrogen market development. Read More
- Inari raised $144 million to advance its SEEDesign™ technology, attracting new investors and supporting its goal to redefine the seed industry with AI-driven innovation and gene editing. Read More
- Israeli agrotech company Fermata raised $10 million in Series A funding to develop its real-time, AI-driven system for autonomous crop management. Read More
Innovation Highlights of the Day
Carbon Vanish, a new climate tech startup, has developed a revolutionary method for rapidly removing CO2 from the atmosphere using olivine, air bubbles, and music, dramatically accelerating the absorption process. Read More
Integration Highlights of the Day
- Canada is investing over $11 million to support clean and alternative fuels projects, advancing technologies that will lower energy costs and accelerate the shift to a net-zero future. Read More
- Vale and GreenIron will collaborate on a Brazilian direct reduction facility, advancing green hydrogen-based iron production for European markets with a focus on iron ore supply and feasibility studies. Read More
- The UAE is positioning itself as a global leader in low-carbon hydrogen production, with initiatives like the Green Hydrogen project aiming to become one of the world’s largest producers by 2030. Read More
Climate Insider Intelligence: Sustainability & Climate Tech Predictions for 2025 from Industry Experts
As we step into 2025, the climate tech landscape is set for transformative changes. Industry leaders, including Romain Diaz of Satgana, Andrew Beebe of Obvious Ventures, and Tim Weiss of Optera, share their insights on the future of clean energy, decarbonization, and technological breakthroughs. From the rise of geothermal energy to advancements in battery storage and AI-driven risk analysis, these experts predict major shifts that will redefine how businesses approach climate action. Dive into their bold predictions and discover the key trends that will shape the fight against climate change in the years to come. Read More
