In Maryland, water quality harms from a popular oyster service lead to a financing trade in which the oyster seller buys nutrient credits, which help replace the oyster stocks.
Loss of tourism revenue and financial depression can limit funding for conservation even as pressure for mining and deforestation rise in the biodiversity hub.
Small forests add up to potentially significant pools of carbon storage. Carbon credits as structured don't make that an economic business for small owners- yet.
Green bond investors, celebrating a landmark step toward establishing market standards, are starting to worry that the next big thing in sustainable finance could undermine those efforts.
Mayor Byron W. Brown announced during his 14th State of the City address that Buffalo will launch the largest environmental impact bond in the country at $30 million. The funds from this investment will allow the City of Buffalo and Buffalo Sewer Authority to capitalize on the Rain Check Buffalo program.
The investment will focus on driving innovation, advancing clean air travel technologies, accelerating reductions in waste and emissions, and establishing new offsetting and natural carbon sequestration projects, the company said.
