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Earth Economics

Earth Economics is a non-profit organization that integrates science-based economics into investments and policy decisions through natural capital analysis. They offer support to organizations and communities to “mitigate risk, add value and build resilience by taking nature into account,” by monetizing and comparing benefits for natural capital, human health, jobs and income, and community cohesion. Analysis is offered on sustainable use practices that support climate adaptation and mitigation such as reducing wildfire risk, supporting carbon capture, and enhancing biodiversity.

 

 

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Mandatory Inclusionary Zoning Ordinance, Miami, Florida

December 13, 2018

In 2018, Miami passed a mandatory inclusionary zoning (IZ) ordinance that requires the inclusion of affordable housing in the Omni Community Redevelopment Agency (CRA) district, a 30-block area north of downtown Miami. Miami currently ranks lowest in the  availability of affordable rental units among cities in the nation. Meanwhile, low-income communities in the city’s inland neighborhoods that are historically black and Latinx now face development pressures from wealthier residents seeking to relocate from the city’s low-lying coastal neighborhoods to the city’s inland neighborhoods.

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Florida Senate Resolution 1572

March 5, 2020

On March 5, 2020, the Florida Senate passed a resolution expressing its support for adopting policies to prepare the state for climate change impacts, such as sea-level rise and flooding. In the resolution, the senate also recognizes the importance of resilient infrastructure in “fortifying” the state from those impacts.

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Florida Senate Bill 178: An Act Relating to Public Financing of Construction Projects

March 11, 2020 (effective July 1, 2021)

On March 11, 2020, the Florida Legislature passed Senate Bill 178 (Florida Statute § 161. 551) that establishes new rules and enforcement mechanisms for state-financed coastal construction projects. According to the law, “state-financed constructors” are public entities that manage or commission “a construction project using funds appropriated from the state. ” The purpose of the law is to ensure that (1) projects funded by public monies can better withstand coastal flooding and will not exacerbate flooding impacts on surrounding communities; and (2) project managers consider all design options and alternatives in the face of sea-level rise.

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