All around the world, from Lima to Dar es Salaam, cities are looking to keep their water flowing by nurturing the watersheds that feed their rivers and streams. Now The Nature Conservancy and the Environmental Law Institute have taken stock of what works and what doesn’t. Here’s a look at their latest guidance on watershed restoration.
The private sector doubled their investment in watershed health during 2013 to $41 million, according to findings from the State of Watershed Investments 2014 Executive Summary-out this month. In other news, the Water Benefit Standard launched at World Water Week and the first ever transaction of Stormwater Retention Credits occurred in Washington D.C.
Washington D.C.'s Stormwater Retention Credit (SRC) trading program hit a milestone this month. D.C.'s District Department of the Environment approved the first trade of the program-11, 013 SRCs worth $25,000. The program allows property owners who voluntarily implement green infrastructure that reduces stormwater runoff to earn credits and generate revenue.
The Gold Standard Foundation's Water Benefit Standard launches today at World Water Week. The Standard, initiated through an innovative public private partnership, uses the results-based finance approach from the carbon world to generate long-term funding for water projects that also deliver socio-economic benefits.
Cities, towns, and companies that directly need water for their product poured nearly $10 billion into projects that provide clean water by supporting healthy watersheds. That's just a drop in the bucket compared to what's needed, however, largely because energy providers and others dependent on clean water haven't yet started pitching in.
During next week's annual World Water Week, Ecosystem Marketplace will be on hand previewing findings from the State of Watershed Investment 2014 report. Related to WWW's theme of the water energy nexus, the World Bank's Diego Rodriguez explains the Thirsty Energy initiative and California analyzes forest management in the wake of last year's Rim Fire.
Moving from talking about the interlinked thinking behind the water-energy nexus to implementing its approach is a tricky transition. World Bank Economist Diego Rodriguez says the new Thirsty Energy initiative aims to do just that, however, by providing governments with the necessary tools and guidance.
One year ago this month, the infamous Rim Fire started burning in northern California's Sierra Nevada mountains. It raged for two full months and destroyed hundreds of homes and ecosystem services. Then something peculiar happened: the fire slowed when it hit the more naturally-managed Yosemite forest, offering one more key to help us manage our forests in a changing climate.
Tanzania and China experiment with public-private partnerships to minimize water-related risks while Costa Rica models the revolving loan fund for watershed protection. And Ecosystem Marketplace reaches the one month mark before its State of Watershed Investment 2014 report launches.
The Nectandra Institute, a Costa Rican non-profit focused on forest and watershed conservation, is attempting to bring the revolving loan fund mechanism-new to watershed protection-to the San Carlos basin. Here, Kate Hamilton, a private consultant in the environmental markets space, chats with Nectandra regarding project design and outlook.
Natural capital accounting receives another boost as a UK water utility becomes the first of its kind to develop an environmental profit & loss account. Payments for ecosystem services (PES) received a boost as well with passage of Peru's PES law that establishes a framework for compensation between providers and beneficiaries.
In order to solve global freshwater scarcity challenges while providing enough food and energy for a growing population, the linkages between water, energy and food security must be fully understood. Here’s a look at how our demands for energy, food and water all drive each other, and how we can prevent them from driving in the wrong direction.
Watershed Connect is an information platform to help scale up practice and policy that maximizes the economic and ecological benefits of healthy watersheds - from ridges to reefs.