Resources on Adaptation Financing
This tab includes resources on adaptation financing. Resources can be filtered by impact, sector, and region of the country.
61 results are shown below.
Resource
2014
In 2014, the state of Massachusetts issued $350 million in “green bonds” to fund water infrastructure projects, including stream bed restoration, open-space protection, and stormwater management. The difference between green and traditional bonds, is that the the proceeds form the sale of green bonds are used for projects that are beneficial to the environment. Investors who buy green bonds are paid interest and principal from the same revenues as other municipal bonds.
Resource Category: Funding
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Resource
January 2014
The University of Maryland Environmental Finance Center (EFC) developed this manual to provide information to local governments about progressive stormwater management practices, including green infrastructure, and to provide a model for creating policies and programs to finance these practices. The report’s introduction asserts that a paradigm shift is underway in stormwater finance, and local government staff have a critical role to play in leading that shift.
Resource Category: Planning
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Resource
December 18, 2013
The Green Roof Property Tax Abatement provides a one-year tax abatement for the construction of a green roof on residential and commercial buildings in New York City. The City of New York and New York State passed legislation in 2008 to provide a one-year tax abatement, or tax relief, of $4.50 per square foot (up to $100,000 or the building's tax liability, whichever is less). Amended in 2013 by New York State’s AB 7058, the tax abatement is now available through March 15, 2018.
Resource Category: Law and Governance
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Resource
December 2013
From the Georgetown Climate Center, this compendium collects and analyzes federal programs with potential to pay for state and local government adaptation to urban heat islands. This report analyzes federal funding programs providing funding for economic development, energy, environmental protection, public health and transportation to determine whether these purposes can be used to implement measures to reduce the the urban heat island effect in cities. For each program, the report includes information on who can apply for the funds, what activities the funds can be used to fund, amount of money in the program and average size of grant, as well as potential for use in adaptation.
Author or Affiliated User: Sara Hoverter
Resource Category: Law and Governance
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Resource
October 29, 2013
Shore Up Connecticut (previously the Shoreline Resiliency Fund) is a low-interest loan program to provide financing to retrofit structures to be more resilient to impacts from flooding and extreme storms. The program was designed to provide financial assistance for flood-resilience retrofits for property owners that were not eligible for federal disaster aid after Sandy. Both home and business owners are eligible for loans under the program. In announcing the program, Governor Malloy noted that it would help residents prepare for and adapt to the changing environment.
Resource Category: Funding
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Resource
October 1, 2013
In April 2013, the Maryland General Assembly passed the Forest Preservation Act of 2013 (HB 706, approved by Governor Martin O’Malley on May 2, 2013 and effective October 1, 2013), which seeks to stop forest loss in the state and maintain the state’s existing 40 percent tree canopy cover by instituting a “No Net Forest Loss” policy. Instead of using regulations or maintenance requirements to prevent forest loss, the Act utilizes new and modified incentives for private landowners to conserve and preserve forestland.
Resource Category: Law and Governance
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Resource
October 1, 2013
This Act amends the factors that the Commissioner of the Connecticut Department of Energy and Environmental Protection (DEEP) must consider when establishing the priority list and ranking system for making Clean Water Fund (CWF) grants and loans for eligible water quality projects. Specifically, the law requires the Commissioner to consider sea level rise and the necessity of implementing measures to mitigate its impact when establishing the priority list and ranking system to determine projects that will receive grants and loans from the Clean Water Fund.
Resource Category: Law and Governance
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Resource
August 8, 2013
In August 2013, New Jersey Governor Chris Christie authorized $1. 28 billion in state financing for critical improvements to drinking water and wastewater infrastructure projects across the state under S2815. The funding includes $355 million that will protect and provide resiliency to infrastructure directly impacted by Superstorm Sandy. The bipartisan supported legislation establishes a three year program that could allocate up to $5 billion, not only to repair the plants, but also to harden them against future extreme weather events.
Resource Category: Law and Governance
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Resource
July 31, 2013
After Hurricane Sandy, the Metropolitan Transportation Authority (MTA) sold a catastrophe bond in July 2013 to raise funds to manage flood risk to the system and offset any costs of future storm damage if the city is hit by another hurricane in the next three years. Sandy caused an estimated $4 to $5 billion in damages to MTA assets; as a result, insurance prices for MTA doubled. To finance protections from future storm surges, MTA issued $200 million in shares of catastrophe bonds to supplement traditional insurance, costing MTA $46 million a year.
Resource Category: Solutions
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Resource
March 2013
The Sustainable Working Waterfronts Toolkit is a web-based portal to many resources for decision and policy makers, waterfront landowners, and waterfront users. The Toolkit contains information about the historical and current use of waterfront space; the economic value of working waterfronts; and legal, policy, and financing tools that can be used to preserve, enhance, and protect these valuable areas. The Toolkit also features detailed case studies of successful working waterfronts initiatives from communities around the country.
Resource Category: Solutions
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