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Moody's Environmental Risks: Evaluating the Impact of Climate Change on U.S. State and Local Issuers

November 28, 2017

This report from Moody's Investor Services discusses potential credit rating impacts from the exposure and vulnerability of U. S. state and local governments to economic losses from climate change. The report notes that without adaptation, state and local governments will face increasing risks risks from severe heat, changing precipitation patterns, and rising sea levels - and that these risks will become more severe over time. The economic impacts of climate change will include property damage, lowered productivity, health impacts, and increasing energy use.

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Finance Guide for Resilient by Design Bay Area Challenge Design Teams

December 1, 2017

This guide was designed to assist design teams that are part of the Resilient by Design Bay Area Challenge.  Resilient by Design is a collaborative design challenge for the San Francisco Bay area of California, to develop 10 innovative community-based solutions that will strengthen the region’s resilience to sea level rise, severe storms, flooding and earthquakes.  The report describes strategic funding and financing options for developing hazard-ready infrastructure in California, and can be useful for decision makers and designers outside of the Bay area challenge.

Author or Affiliated User: Robert Spencer

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EPA Environmental Justice Collaborative Problem-Solving Cooperative Agreement Grant Program

December 2017

The U. S. Environmental Protection Agency (EPA) Environmental Justice Collaborative Problem-Solving Cooperative Agreement Program provides funding to support community-based organizations to develop and implement solutions that address environmental and/or public health issues for underserved communities. Cooperative agreements will be awarded to collaborative projects that partner with local stakeholder groups such as local businesses and industry, local government, medical providers, and academia.

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EPA Climate Change Research Grants

The U.S. Environmental Protection Agency (EPA) funds climate change research grants to “improve knowledge of the health and environment effects of climate change, and provide sustainable solutions for communities to effectively manage and reduce the impacts of a changing climate.”

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Resilient Communities Program (NFWF)

February 13, 2017

Wells Fargo and the National Fish and Wildlife Foundation (NFWF) launched the Resilient Communities Program in 2017 to help communities plan for and implement resiliency projects, support green infrastructure, and invest in natural ecosystems. Grants will be offered once a year to support priority projects in states and communities associated with Wells Fargo operations. This four-year initiative is supported through a $10 million contribution from Wells Fargo meant to leverage other private and public funds with an expected total investment of more than $20 million.

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Delaware Sustainable Communities Planning Grant Program

February 19, 2017

Delaware Department of Natural Resources and Environmental Control (DNREC) Division of Energy and Climate is offering Sustainable Communities Planning Grants for municipalities, county governments and their academic and non-profit partners. These competitive grants support planning and climate vulnerability assessment projects that improve a community’s economy, environment and public health. Grants of up to $80,000 are available to counties or towns with populations of 5,000 residents or more, and grants of up to $40,000 are available to towns with populations of fewer than 5,000 residents.

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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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