Trillion Trees Act Re-Introduced
On Monday, April 19, 2021, Congressman Bruce Westerman (R-AR), and 71 bipartisan co-sponsors, re-introduced the Trillion Trees Act. The Act uses a three-pronged approach of regeneration, management and utilization to grow more wood and store more carbon. Notably, the legislation creates carbon storage targets for national forests, and provides for increased tree planting and forest management on private and federal lands. The legislation also provides a transferrable tax credit to promote sustainable commercial and residential construction projects while funding research projects to utilize lower value wood for bio-chemicals, bio-plastics, and bio-char.
For a section-by-section breakdwn of the legislation and the full bill text, click here.