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Financing resilient communities and coastlines: How environmental impact bonds can accelerate wetland restoration in Louisiana and beyond
August 20, 2018
The Environmental Defense Fund and Quantified Ventures have assessed how an environmental impact bond (EIB) could effectively be used for coastal resilience financing for wetland restoration in Louisiana and other coastal areas. The report outlines the steps Louisiana would take to pilot and implement the EIB to restore the coast and wetlands, while greatly reducing land loss to sea level rise, and incentivizing investment. The framework could also support financing other natural infrastructure projects that build coastal resiliency, and serves as a template for coastal investments anywhere.
Resource Category: Solutions
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Building Gulf Coast Resilience - Opportunities After Deepwater Horizon
August 1, 2018
From the Georgetown Climate Center, this report presents recommendations for enhancing Gulf Coast resilience as state and federal agencies implement projects to restore ecosystems affected by the Deepwater Horizon oil spill. Over 134 million gallons of crude oil was released into the Gulf of Mexico affecting 1,300 miles of coastline from Texas to Florida. Over the next 15 years, more than $20 billion will flow to the region for projects to restore ecosystems and economies affected by the Deepwater Horizon oil spill.
Resource Category: Solutions
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Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate
July 2018
The Union of Concerned Scientists (UCS) researched the impact of sea level rise tidal flooding on coastal real estate, for the entire coastline of the lower 48 states. The study identified the number of residential and commercial properties at risk of chronic inundation, including the total current property value, estimated population, and property tax base affected. UCS determines that some coastal real estate markets will not likely recover under high future GHG emissions scenarios in which sea levels rise greatly; and the number of properties facing chronic inundation is much reduced under low emissions scenarios.
Resource Category: Assessments
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Virginia S 265: Special Assistant to the Governor for Coastal Adaptation and Protection
June 22, 2018
On June 22, 2018, Virginia Governor Ralph Northam signed Senate Bill 265 creating a new cabinet-level position to address coastal adaptation and protection in Virginia. The bill states that the Special Assistant to the governor will be responsible for leading statewide efforts in response to coastal flooding; working to initiate economic development opportunities associated with adaptation; and fostering coordination throughout the Commonwealth, especially in Hampton Roads, a coastal region of the state that is most vulnerable to sea level rise and land subsidence.
Resource Category: Law and Governance
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Building Coastal Resilience for Greater U.S. Security
June 19, 2018
The Building Coastal Resilience for Greater U. S. Security project created a forum for coastal experts from the United States and globally to develop solutions for climate change impacts on coastal infrastructure, economy, communities and national security. The Hoover Institution, the Stanford Woods Institute for the Environment, and the Woodrow Wilson International Center for Scholars jointly convened a series of discussions to advance coastal resilience to climate change impacts by identifying knowledge gaps and establishing policy solutions.
Authors or Affiliated Users: Alice C. Hill, Roger-Mark De Souza, Christopher B. Field, Katharine J. Mach, Meaghan E. Parker
Resource Category: Solutions
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NOAA 2017 State of U.S. High Tide Flooding with a 2018 Outlook
June 6, 2018
NOAA has produced this annual update of the state of coastal high tide flooding every year since 2014. This type of flooding occurs when water levels measured at NOAA tide gauges exceed heights based on the national flooding thresholds that are released in February by NOAA’s Center for Operational Oceanographic Products and Services. This report updates high tide flood frequencies during 2017 (based on the meteorological year: May 2017-April 2018) at 98 NOAA tide gauges, and provides a statistical outlook for 2018 (May 2018 - April 2019).
Resource Category: Assessments
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Connecticut SB 7: An Act Concerning Climate Change Planning and Resiliency (Public Act 18-82)
June 6, 2018
SB 7 supports both climate change mitigation and adaptation measures for Connecticut, with directives that will help to prepare the state for climate impacts, primarily sea level rise. Connecticut’s statutory references to sea level rise will now reflect the Connecticut Institute for Resilience and Climate Adaptation’s (CIRCA) planning recommendation of nearly two feet by 2050. The legislation requires all state or federally-funded coastal infrastructure projects to take this new sea level rise projection into account when being planned and developed.
Resource Category: Law and Governance
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Foster City, California Measure P - Sea level rise abatement bond
June 5, 2018
Measure P is a $90 million bond measure approved by Foster City, San Francisco Bay area of California in June 2018, that will fund structural projects to reduce flood risks from sea level rise. Residential, office and commercial property owners will see an annual tax rate increase of approximately $40 per $100,000 of assessed property value.
Resource Category: Law and Governance
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Florida Adaptation Planning Guidebook
June 2018
The Florida Adaptation Planning Guidebook, developed at the culmination of the state's multi-year Community Resiliency Initiative, provides a step-by-step framework to assist local governments in Florida with preparing for the impacts of sea-level rise, particularly impacts of coastal flooding and erosion, and changes in ecosystems. The guidebook describes the steps of adaptation planning in the context of existing requirements and optional designations under state legislation passed since 2011, including the optional Adaptation Action Areas designation (Community Planning Act) and the requirements to consider sea-level rise in redevelopment policies (SB 1094, Peril of Flood Act).
Resource Category: Planning
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Rhode Island Shoreline Change Special Area Management Plan (Beach SAMP)
June 2018
In June 2018, the State of Rhode Island’s Coastal Resource Management Council (CRMC) adopted the Rhode Island Shoreline Change Special Area Management Plan (Beach SAMP) to help Rhode Island’s coastal communities better adapt to the impacts of climate and shoreline changes. The Beach SAMP includes various guidance and tools for policymakers and coastal managers. In Chapter 5, CRMC presents the “Coastal Hazard Application Guidance” - a five-step risk assessment framework developed for applicants to address the coastal hazards from climate change in permit applications submitted to CRMC for new and substantially improved projects. The purpose of the Coastal Hazard Application Guidance is to ensure that: (1) permit applicants are aware of the coastal risks that could impact their projects; and (2) CRMC can approve projects that are better able to adapt and are more resilient to these risks to increase safety and other benefits for communities, the environment, and the state’s economy. Through a subsequent regulatory amendment, CRMC now requires (since July 2019) that permit applicants submit a Coastal Hazard Application worksheet with their applications to CRMC. Chapter 7 of the Beach SAMP outlines a suite of adaptation measures property owners and decisionmakers can consider, including protection, accommodation, and relocation or managed retreat. The Beach SAMP provides a useful example of innovative shoreline change planning, and serves as a policy model for other state agencies and local governments on how to ensure new development and redevelopment can better adapt and be more resilient to climate change and other coastal hazards.
Resource Category: Planning
