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Managing Risks to Conservation Investments Through Climate Adaptation

April 25, 2019

The Wildlife Conservation Society partnered with the Climate Resilience Fund to offer this guidance for investors funding conservation projects - such as private foundations, public agencies and local governments - on how to consider climate change risks inherent in their investments. Climate change is causing dramatic and unpredictable effects on ecosystems and natural resources - creating uncertainties for conservation funding decision making and the future outcome of investments. This guidance for conservation investors supports intentionality in anticipating and assessing climate change risks, which in turn safeguards these investments to advance conservation goals.

Resource Category: Funding

 

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Atlanta, Georgia Environmental Impact Bond for Green Infrastructure

February 21, 2019

The City of Atlanta, Georgia Department of Watershed Management is issuing an environmental impact bond (EIB), which will finance green infrastructure to address water quality, reduce flooding and improve stormwater management in Atlanta’s Proctor Creek Watershed neighborhoods.  The $14 million EIB - the first to be offered on public markets - was the result of a partnership between the City of Atlanta, Quantified Ventures, the Rockefeller Foundation, and broker-dealer Neighborly. Supporting the expansion of EIBs into public markets, the Rockefeller Foundation will cover the costs of structuring a public bond with a grant to Atlanta - chosen from applicants of its 100 Resilient Cities network.

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National Integrated Heat Health Information System - Urban Heat Island Mapping Campaign

2018

The National Integrated Heat Health Information System (NIHHIS) Urban Heat Island Mapping Campaign provides technical and financial support to urban areas to help them identify neighborhoods at greatest risk from heat stress. NIHHIS is an integrated system that develops science-based products and services for urban areas to understand and reduce health risks related to extreme heat, which is likely to increase in frequency and severity in many urban areas as a result of climate change. Cities receive training, loaned equipment, and data processing and other technical support through the Mapping Campaign. Once complete, each participating city has detailed heat distribution data and maps, as well as a final report detailing the work and findings.

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Chicago Participatory Budgeting Project and Rulebook

In 2009, the Chicago 49th Ward Alderman, Joe Moore launched the first participatory budgeting process in the United States in the City of Chicago, Illinois. When participatory budgeting was first introduced in the City, Alderman Moore used the process to engage with his constituents regarding how the community would spend its $1.3 million in discretionary capital funds. Since this initial introduction, the participatory budgeting process in Chicago has proved a rousing success. In 2012, the Great Cities Institute partnered with the Participatory Budgeting Project and community-leaders from the area to launch PB Chicago to spread the budgeting process throughout the city. PB Chicago has now engaged with over 13,000 residents in 12 different communities, allocating over $18 million in funding to community-chosen projects varying from tree planting to establishing bike lanes. By focusing a majority of their outreach on marginalized and underserved communities, PB Chicago ensures not only that policymakers and city officials hear these residents’ voices, but that these same voices have the opportunity to effectuate change within their own communities as well. 

Resource Category: Funding

 

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Resilient Affordable Housing Grant Program - Boston, Massachusetts

2019

Boston’s Resilient Affordable Housing Grant Program illustrates how cities can use Section 4 Capacity Building Program grants to fund resilience investments in affordable housing. Despite having one of the narrowest housing affordability gaps in the country, Boston nevertheless faces pressures from increasing population growth. Like many urban areas across the country, Boston also faces increased incidences of climate impacts like extreme heat, coastal and riverine flooding, and more frequent stormwater flooding. In 2019, the Boston chapter of the Local Initiatives Support Corporation (LISC) issued an RFP for Section 4 funding (up to $9,000) to assist community development corporations (CDCs) and community housing development organizations (CDHOs) with preparing the city’s affordable housing stock for extreme weather, sea-level rise, and other impacts of climate change. Specifically, the Resilient Affordable Housing Grant program provided funding to conduct resiliency assessments for vulnerable properties (located in the floodplain or at-risk for extreme heat), as well as for creating emergency management and training plans.

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Wetlands Restoration for California Greenhouse Gas Reduction Grant Program

Administered by the California Department of Fish and Wildlife, this grant program offers funds for wetland restoration or enhancement projects that result in a net reduction in greenhouse gas (GHG) emissions. Wetland restoration is both a climate change mitigation and adaptation strategy. Wetlands sequester carbon at high rates, while providing protection from flooding, sea level rise, coastal storm surge, and coastal erosion, as well as offer drought mitigation through groundwater recharge.

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Paying for Climate Adaptation in California: A Primer for Practitioners

October 2018

This guide provides information for local, state and regional practitioners in California on how to pay for the investments needed to prepare for the impacts of climate change. It provides an analysis of the legal context for funding and financing adaptation investments in California and catalogues different sources of funding that could be used to pay for adaptation. The report also provides equity principles that could be used for directing investments in climate resilience. 

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Owning the Benefits of Solar+Storage: New Ownership and Investment Models for Affordable Housing and Community Facilities

February 2018

This policy paper examines five models for financing solar PV coupled with battery storage (solar + storage) with the aim of identifying solutions for increasing access to renewable energy in affordable housing and community facilities serving low- to moderate-income (LMI) communities. Solar + storage can reduce utility bills, increase the resilience of power systems, and, in some cases, can lead to revenue from grid services. For these reasons, solar + storage is seen as an equity strategy that can benefit LMI communities.

Authors or Affiliated Users: Robert Sanders, Lew Milford

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USGS - Northwest Climate Science Center Funding Opportunity

February 5, 2018

The U. S. DOI/USGS Northwest Climate Science Center (NW CSC) has announced 2018 funding available for Principal Investigators (PIs) from the NW CSC University Consortium (University of Washington, Boise State Univ. , Univ. of Montana, Washington State Univ. , and Western Washington Univ. ) as well as all USGS PIs. Funded projects will address the goals identified in the NW CSC Science Agenda for 2018-23, through scientific research or data synthesis on climate impacts on endangered species, regional adaptation and management, and social systems.

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California Public Utilities Commission Clean Energy Research Projects for Low-Income and Disadvantaged Communities

January 2018

The California Public Utilities Commission’s (CPUC) allocates its Electric Program Investment Charge (EPIC) to fund projects located in and benefiting low-income and disadvantaged communities, which is an example of utility commissions participating in equitable grid investment. EPIC funds come from rates charged to electricity customers of the state utilities and supports investments in clean energy technologies that benefit ratepayers of investor owned utilities. AB 523 directs the California Energy Commission (CEC) to expend at least 25 percent of its EPIC funds for Technology Demonstration and Deployment funding (TD&D) at sites located in, and benefiting, “disadvantaged communities,” and adds an additional requirement that the CEC expend at least 10 percent of its EPIC funds for TD&D at sites located in, and benefiting, low-income communities located in the state. The CPUC approved the allocation of $60 million of its EPIC funding to projects located in and benefiting low-income and disadvantaged communities that are also specifically prioritized for the investment of proceeds from CA’s cap-and-trade program. These investments are aimed at improving public health, quality of life, and economic opportunity in disadvantaged communities, which are defined by AB 523 as those most burdened by pollution from multiple sources and most vulnerable to its effects, considering socioeconomic characteristics and underlying health status.

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