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California Transformative Climate Communities Program

February 9, 2017

California Assembly Bill 2722 established the Transformative Climate Communities Program, to be administered by the Strategic Growth Council (SGC). The forthcoming Program will accelerate greenhouse gas reduction and advance local climate action in disadvantaged communities through an integrated, community-based approach. The Program intends to help realize the State’s vision of “Vibrant Communities and Landscapes,” demonstrating how meaningful community engagement coupled with strategic investments in transportation, housing, food, energy, natural resources, and waste can reduce greenhouse gas emissions and other pollution, while also addressing growing equity issues and enhancing economic opportunity and community resilience.

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Impact Investing for Coastal Conservation: Bridging the Gap

This paper provides a framework for conservation financing in coastal areas that could leverage private sector interests with conservation needs. A few examples of successfully implemented private investments in conservation initiatives are included. Conservation investing is a subset of impact investing, and is defined as “investments in companies, funds, and organizations with the goal of generating a financial return and beneficial environmental impact. ” The paper describes the opportunities and challenges surrounding using private investment capital for natural and nature-based shoreline management approaches such as habitat restoration, conservation, and coastal resilience strategies.

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California Senate Bill 1 (SB-1): Transportation Funding

May 1, 2017

In May 2017 California approved Senate Bill 1 which allocated $52.3 billion for a new Road Maintenance and Rehabilitation Program, up to $20 billion of which was designated to support climate change adaptation planning at a local or regional level. While the law primarily focuses on reducing emissions, it also addresses the need for adaptation by requiring agencies and localities receiving funding to implement adaptive efforts, where cost-effective and feasible.

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Wildlife Conservation Society Climate Adaptation Fund

2017

The Wildlife Conservation Society (WCS) Climate Adaptation Fund supports one to two-year projects that implement science-driven, on-the-ground actions that assist wildlife and ecosystems to adapt to climate change at a landscape scale. The mission of the Fund is to "increase the pace and scale of climate adaptation for wildlife and ecosystems and the people that value and depend on them. " WCS provides a total of $2. 5 million in grant awards between $50,000 and $250,000 to conservation non-profit organizations each year.

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City of Berkeley, California 2016 Measure T1 - Bonds to Improve Existing City Infrastructure and Facilities

November 8, 2016

On November 8, 2016 Berkeley voters passed Measure T1 with an 86. 5% approval.   This measure authorizes the City to sell $100 million of General Obligation Bonds (GO Bonds) to repair, renovate, replace, or reconstruct the City’s aging infrastructure and facilities, such as sidewalks and streets, senior and recreation centers, and other important City facilities and buildings.  The first round of funding includes the use of green infrastructure for storm drains and parks, and is focused on advancing social equity across projects.

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Los Angeles County Safe, Clean Neighborhood Parks and Beaches Measure of 2016

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.

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My Strong Home - Home Risk Mitigation Loans

2017

MyStrongHome is a public-benefit corporation which aims to help homes and communities in coastal areas in South Carolina, Florida, Alabama, Mississippi, and Louisiana to be better protected from extreme weather by financing and managing home upgrades, especially new storm-ready roofs, to meet resilient building standards. By providing an “end-to-end” solution, from assessment and financing through construction and insurance, MyStrongHome makes home risk mitigation, and climate change resilience, more accessible to homeowners.

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New Hampshire Setting SAIL (Science, Assessment, Implementation, and Legislation) Project

The New Hampshire Setting SAIL (Science, Assessment, Implementation, and Legislation) project supports state and local implementation of recommendations from the New Hampshire Coastal Risk and Hazards Commission’s (NHCRHC) report, Preparing New Hampshire for Projected Storm Surge, Sea-level Rise, and Extreme Precipitation, through a grant from the National Oceanic and Atmospheric Administration (NOAA). The New Hampshire Coastal Program (NHCP) leads the project through a public-private partnership with the New Hampshire Coastal Adaptation Workgroup (NHCAW).

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DC Water Environmental Impact Bond

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.

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Bureau of Reclamation Drought Response Program

2016

The Bureau of Reclamation's Drought Response Program provides assistance to water users for drought contingency planning, including for the consideration of climate change information and for taking actions that will build long-term resiliency to drought.

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