U.S. IOOS priorities under the Inflation Reduction Act
Introduction
NOAA plays a vital role in preparing and supporting the nation to meet the challenges of a changing climate. Under the Inflation Reduction Act, NOAA is directed to invest $3.3 billion to support the development of a climate ready nation.
Combined with Bipartisan Infrastructure Law investments, these are the largest direct investments ever made in the nation’s coastal climate and economic resilience.
U.S. Integrated Ocean Observing System (IOOS®) has been entrusted with a portion of these funds to invest in our national observing system and to work with public and private partners. These efforts focus on improving understanding of ocean processes and creating new approaches and solutions that strengthen coastal communities and climate resilience.
NOAA IRA Framework
Infrastructure Law
Inflation Reduction Act
Key Investment Areas
Ocean-Based Enterprise Accelerators
- Approximately $60 million will fund a competitive business accelerator program. These accelerators will help businesses with coastal and ocean-based products and services connected to NOAA's mission navigate commercialization pathways.
- Approximately $40 million will support partnership projects through NOAA competitive funding programs from FY22 and FY23.
IOOS Coastal Resilience Services
- Supporting decision-making related to coastal hazards, ecosystem change, harmful algal blooms, offshore wind development, and navigation safety
- Stakeholder engagement and partnership building
- Improving equity of services within and across communities