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
September 2017
With this guidance, re.Focus aims to support the alignment of public-sector disaster risk reduction measures with private insurance through the use of Resilience Bonds. The report highlights several reasons why governments at all levels and public interest entities (like water and electric utilities, ports, and transit systems) should consider Resilience Bonds as part of a broad strategy to build both physical and financial resilience - and illustrates how to do so.
Authors or Affiliated Users: Shalini Vajjhala, James Rhodes
Resource Category: Solutions
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Resource
September 3, 2017
In 2017, New Hampshire passed a new law, New Hampshire Revised Statutes § 79-E:4-a, that enables municipalities to create a tax incentive program to encourage resiliency in coastal areas. Municipalities can establish “Coastal Resilience Incentive Zones” (CRIZ) in their jurisdictions to grant property owners tax relief for undertaking “resilience measures” for qualified properties or structures identified as impacted by storm surge, sea-level rise, or extreme precipitation projections.
Resource Category: Law and Governance
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Resource
2011
In 2011, four New York City Council Members partnered with several community-based organizations and launched a Participatory Budgeting process to allow residents to vote to allocate a portion of the council’s capital discretionary funds. The Participatory Budgeting New York City (PBNYC) process involved the city allocating funds to finance physical infrastructure projects, such as schools, parks, and public housing that benefit the public, that cost at least $50,000 and have a lifespan of at least five years. Residents were able to visit the website to review eligible projects and then submit an idea for consideration. The process gave residents the opportunity to vote during a nine-day Vote week for the city’s fiscal budget and implemented by city agencies. PBNYC is one of the largest and the fastest-growing participatory budgeting process in the United States which also ensures that low-income people and people of color can participate in the process. Currently, the majority of participants, around 57%, are identified as people of color.
Resource Category: Funding
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Resource
June 2017
The City of Chester, Pennsylvania introduced the Chester City Green Stormwater Infrastructure Plan in 2017 as a means of addressing consistent stormwater pollution and overflow into the Delaware River, Chester Creek, and Ridley Creek watersheds. Chester’s combined sewer overflow (CSO) system often is overwhelmed during high rain and runoff events, which leads to increased flooding and water pollution and degradation of the river basin. The plan details Chester’s specific infrastructure needs, as well as the environmental and social benefits of green stormwater infrastructure (GSI). It also analyzes common GSI techniques including rain gardens, green roofs, stormwater planters, and porous pavements, and includes their typical cost. The plan then lists 20 potential sites within the City for GSI projects, guidance for first steps, suggestions for effective community engagement, and potential sources of both public and private funding. To fund the GSI projects, the City formed a community-based public-private partnership (CBP3), which is a different approach to financing stormwater management that expands on the traditional public-private partnership model by incorporating considerations of a community’s economic development needs. Coupled with its focus on green infrastructure as a primary means of stormwater management, this structure promotes not only improvements in water quality but in the community’s overall quality of life. The plan will also address equity through hiring local contractors for the infrastructure projects, training local workers to maintain projects, and creating new maintenance jobs for community members.
Resource Category: Planning
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Resource
February 1, 2017
This report identifies market barriers to deploying solar and energy storage technologies in low-income markets, and proposes more than 50 grant and investment opportunities that socially-minded investors can use to target those barriers. Solar and energy storage can further climate adaptation by helping communities avoid power outages. The report includes a detailed analysis of the energy market and a matrix of interventions organized according to market participant, barriers, and difficulty.
Authors or Affiliated Users: Lew Milford, Robert Sanders
Resource Category: Solutions
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Resource
December 21, 2016
The White House has been coordinating efforts in partnership with insurance and finance leaders on strategic objectives to increase community resilience and insurability since 2014. From the White House Office of Management and Budget, Standards and Finance to Support Community Resilience is designed to identify opportunities for continued collaboration and help ensure that “future investments will be climate smart from the start, that damaged communities build back smarter, and that both public and private sectors are poised to seize new opportunities to achieve resilience.
Resource Category: Planning
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Resource
November 8, 2016
The Los Angeles County Safe, Clean Neighborhood Parks and Beaches Measure of 2016 (Measure A) supports the protection, enhancement and maintenance of Los Angeles, California’s neighborhood parks, open space, trails, beaches, natural habitat, rivers, streams, and the urban tree canopy - by implementing an annual parcel tax of 1. 5 cents per square foot of development. Measure A is expected to generate approximately $94 million per year for local parks, beaches, and open space areas, replacing expiring dedicated funding from Propositions A of 1992 and 1996.
Resource Category: Funding
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Resource
November 2016
This report was prepared by the Global Adaptation and Resilience Investment Working Group (GARI), a private investor-led initiative focused on climate adaptation and resilience investments. It describes existing approaches to measuring physical climate risks and examples of investments in adaptation and resilience. It also provides recommendations to help stakeholders - including governments, industry groups, think tanks, and investors and financiers - to address barriers to public and private sector investment in climate adaptation and resilience.
Author or Affiliated User: Jay Koh
Resource Category: Solutions
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Resource
September 29, 2016
DC Water and Sewer Authority (DC Water), the water utility in Washington, D. C. , has announced the nation’s first Environmental Impact Bond (EIB), an innovative bond to fund the construction of green infrastructure to manage stormwater runoff and improve the District’s water quality. The $25 million, tax-exempt EIB was sold in a private placement to the Goldman Sachs Urban Investment Group and Calvert Foundation to fund the initial green infrastructure project in its DC Clean Rivers Project, a $2.
Resource Category: Funding
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Resource
September 28, 2016
This comprehensive report discusses the policy options available to the City of Coral Gables, Florida, as it prepares for sea level rise and other effects of climate change. It also explores potential legal issues likely to arise as climate change adaptation measures are implemented. It explores these challenges in light of Coral Gables’s (and all of South Florida’s) unique vulnerability to climate change, as a result of its low elevation above current sea level and its porous limestone base, which makes protecting areas of South Florida like Coral Gables with sea walls, dikes, or canals impractical.
Resource Category: Law and Governance
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