Today, multiple federal agencies recognized Virginia's nutrient trading program as a natural, cost-efficient and effective approach to improving water quality in the heavily polluted Chesapeake Bay watershed. Federal recognition of the program also indicates potential for more involvement in environmental markets at the national level.
The Lima Climate Talks wrapped up early Sunday morning with a bare-bones agreement on what constitutes a valid Intended Nationally-Determined Contribution (INDC) and a roadmap to year-end talks in 2015 that will begin with bottom-up proposals from countries and hopefully end with a convergence in Paris. With so little detail on INDCs, countries will have to step up individually by March.
The United States and China made headlines last week when they said they'd limit their greenhouse gas emissions and strengthen cooperation on issues related to climate change and clean energy. Included in the deal is an agreement to use carbon-capture technology to push greenhouse gasses into the ground while generating clean water.
The third installment in our Crowdrise series looks closely at the ecosystems of mangroves. These salt-adapted trees lining our coasts are often overlooked despite their economic, social and ecological importance. Forest Trends is one of several organizations worldwide that has taken notice of the mangroves’ plight initiating a data-collection project to help prevent further damage.
More than 23 billion profit-seeking dollars flowed into ecosystem-friendly investments over the past five years, but less than $2 billion of that came from the private sector. Most of that $2 billion, however, went into sustainable food and fiber – a sector that’s been growing at 26% a year and looks set to surge by at least $5.5 billion through 2018. In fact, $1.5 billion has already been raised, a new survey finds.
Natural infrastructure and watershed investments could serve as valuable solutions to the ongoing droughts happening in California and elsewhere. The latest article in our Crowdrise series looks at nature-based solutions to the global water crisis drawing on findings from the State of Watershed Investments 2014 report.
In order to maintain ecosystem services, Europe must increase its use of natural infrastructure, a study concluded. In the US, meanwhile, Vermont is considering water quality trading for Lake Champlain. And last week, Forest Trends (publisher of Ecosystem Marketplace) kicked off a six-week fundraising effort spearheaded by the Skoll Foundation.
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.
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.