While the states in the bay watershed have collectively appropriated more than $300 million in each of the last two fiscal years to conserve important lands, and have received some complementary federal funding, these levels will be inadequate to conserve another 3.1 million acres of land by 2030 to achieve the 30% goal.
The 10-Year Review will provide all actors with an improved understanding of the scope, effectiveness and impact of Conservation Trust Funds (CTFs) around the world. The Practice Standards project will provide existing and new CTFs with additional evidence-based norms to guide their operations and update the existing Practice Standards.
The Responsible Commodities Facility, unveiled at the London Stock Exchange, plans to provide low-interest credit lines to Brazilian soy and corn farmers who commit to using degraded pasture and avoid clearing forests and native grassland for agriculture. For farmers, the initiative will offer an important complement to official credit lines.
The Church of Sweden, which can trace its origins back to the year 829, began incorporating sustainability factors into its asset management business about a decade ago. Now it is expanding its efforts by collaborating on bonds that go toward financing sustainable cities and clean water.
“We offer practical guidance on how funders can advance conservation outcomes by being intentional about considering climate change in their funding strategies, and embracing rather than resisting changes that are underway or imminent.”
Source: International Forum of Sovereign Wealth Funds
The objective of the Framework is to promote the integration of climate change analysis in the management of large, long-term and diversified asset pools. Building on current industry best practice, the Framework aims to foster a shared understanding among long-term asset owners with regard to key principles, as well as methodologies, and indicators related to climate issues.
Traditionally, conservation efforts raise funding for projects and actions in the hope that those activities will result in desired outcomes. This Toolkit explores Pay-for-success financing, an alternative approach. This model ties funding for conservation to project outcomes, incentivizing the achievement of objectives and shifting risk away from public agencies and conservation organizations that implement on-the-ground work.
The Electric Power Research Institute (EPRI) and First Climate announced today an agreement that will move credits from EPRI’s Ohio River Basin Water Quality Trading Project to international credit trading markets. This is a unique collaborative between a water quality project and an environmental asset credit broker to provide access to some of the world’s largest environmental credit buyers.
Conservation could be on the verge of a blue revolution. This year there is growing talk about using entrepreneurial finance to capture atmospheric carbon in revived marine and coastal ecosystems such as coral reefs, mangroves, salt marshes and sea grasses. Conservationists call it “blue carbon.”
After seven years of drought in California that drained aquifers and brought many farmers to the brink, legislators in Sacramento crafted a bunch of rules governing water usage. Those rules, many of which kick in next year, cap how much water farmers and cities can use.