Growing Returns

EDF Celebrates the Passing of the NY Bond Act.

In the climate policy world, states and localities are often laboratories of innovation and progress. However, with the devastating impacts of hurricanes, wildfires and heat waves, residents are already experiencing the costly impacts of climate change. To mitigate these costs, EDF supports innovative funding and financing strategies — especially in areas that are most vulnerable to climate impacts. One example of this is EDF’s work on a ballot measure in New York State.

This week, voters passed the historic Clean Water, Clean Air and Green Jobs Environmental Bond Act ballot measure. This comes on the heels of the 10th anniversary of Hurricane Sandy, ushering in a variety of new flood resilience projects aimed at mitigating these risks to communities.

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New report provides a science roadmap for natural climate solutions

Natural climate solutions, such as reforestation and wetland restoration, can help slow climate change and increase resilience in the face of climate impacts we can’t avoid.

These approaches have substantial and growing support from bipartisan lawmakers, the private sector and environmental nonprofits. However, big questions remain: Where are these strategies most effective? To what extent can they meaningfully remove and reduce greenhouse gases? How will increased drought, fire and pest outbreaks impact their ability to stave off climate change?

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My perspectives on how we can inspire the next generation of Black climate leaders.

By Arianna Mackey, Environmental Defense Fund (EDF) Summer 2022 Intern

I became aware of my community’s lack of environmental awareness at a very young age. Growing up in the Hampton Roads area of Virginia, my family and I visited the Nauticus museum often. One afternoon, after spending time in the flooding exhibit, I explained to my mom that due to increased flooding, Virginia Beach would be inhabitable in the future, with standing water reaching the front door following a storm. She brushed me off by saying it was an “over-exaggeration” and our community was fine. That encounter piqued my interest in environmentalism. Read More »

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World Food Day has come and gone, with food security still out of reach for people and planet

Every October, the global community comes together to celebrate the founding of the United Nations Food and Agriculture Organization as World Food Day. Taking stock, it is plain to see just how far we still have to go to achieve the FAO’s founding mission to defeat hunger and improve nutrition and food security for the planet.

The obstacles to achieving this goal are many and complex: the COVID-19 pandemic, the war in Ukraine, and the ongoing challenges of conflict, water shortages, flooding, and rising food costs are just a few. However, they all share one thing in common: they are exacerbated by the existential threat of climate change.

With less than a month to go before the 27th United Nations Climate Change Conference (COP 27) in Egypt, world leaders must consider the importance of addressing food insecurity as a part of solving the climate crisis.

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Farmers see value in agriculture loans that reward stewardship

In January 2022, global farmer-to-farmer network and ag tech company Farmers Business Network®, launched a new rebate program for farm operating loans. The Regenerative Agriculture Finance Operating Line program includes a 0.5% interest rate rebate for farmers who achieve climate and water quality benchmarks established by Environmental Defense Fund. Both farmers who already meet the benchmarks, as well as farmers who improve practices to do so, are eligible.

The $25-million pilot fund filled up quickly, with 48 farmers enrolled and a growing waitlist to participate in an expanded fund. With the initial pilot underway, FBN plans to scale the fund to $500 million over the next three years and access public markets to securitize and sell these loans to investors seeking liquid, environmentally friendly investments.

Over the first year of the program, we are sharing what we are learning with others in the agriculture sector. EDF had the chance to sit down with two participating farmers about their experiences — Joel Uthe, operator of Uthe Farm in Chariton, Iowa, and David Iverson, operator of Iverson Farm in Astoria, South Dakota. Read More »

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A conservation win and groundwater loss: Arizona ends 2022 session with mixed water record

The Verde River, one of the last free-flowing rivers in the Southwest, remains unprotected after another year of in action to address rural groundwater pumping in Arizona.

After months of negotiations, the Arizona Legislature passed a major water spending plan last month with funding for new conservation efforts to address deteriorating water supplies. However, for the fourth year in a row, state leaders failed to pass legislation to address unlimited groundwater pumping, missing an opportunity to enable a water secure future for 1.5 million rural residents and the state as a whole.

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New research shows how to improve the voluntary carbon market to accelerate investment in nature

The explosion of net-zero emissions commitments over the past few years from major companies and municipalities shows that institutions are ready to tackle climate change. While reducing industrial emissions of greenhouse gases is a clear and primary priority, achieving global net zero will hinge on investing in nature.

Natural climate solutions (NCS) have the potential to deliver at least 20% of the emissions reductions we need to reach net zero by the end of this decade. Plus, they can deliver other benefits like clean air and water, increased biodiversity, economic opportunities for local communities and enhanced protection against storms and flooding.

Despite their value, natural climate solutions receive less than 3% of public finance, and shortcomings in the voluntary carbon market have limited private investment.

New research in Science Magazine explores three pathways for improving the carbon market to help unlock private investment and nature’s ability to help us.

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FEMA’s community resilience program is in high demand. This guide can help strengthen applications.

The recent tornado in Louisiana and wildfires in Texas highlight the toll climate change is having on communities across the country. In 2021, the U.S. experienced 20 climate disasters that each cost at least $1 billion in damages, totaling $145 billion and resulting in the tragic loss of 688 lives.

The Federal Emergency Management Agency’s Building Resilient Infrastructure and Communities program is anticipated to significantly increase funding for local and state governments, federally recognized tribes and territories for projects that reduce the impacts from disasters like flooding, wildfires and droughts.

EDF commissioned AECOM, a leading global infrastructure firm, to conduct an analysis of prior BRIC applications to develop best practices and recommendations for securing funding for natural infrastructure projects through the program.

Here are ways this resource can help applicants increase their chances of securing this critical funding.

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California’s new farmland repurposing program requires community engagement. This guide describes how.

Many regions in California are embarking on a new era of water and land management strategies as local agencies implement sustainability initiatives and climate change intensifies droughts and water scarcity.

However, too often low-income rural communities have had little opportunity to influence land and water decisions that directly impact — and often harm — them, resulting in such outcomes as wells drying up and limited access to parks.

California’s new Multibenefit Land Repurposing Program aims to ensure these communities as well as small-scale farmers are more involved in land and water use planning by making their engagement a requirement for funding recipients.

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Arizona water is at a crossroads. Will the Legislature respond?

The Arizona Legislature opened this week with the state facing significant water insecurity. Water has climbed to one of the top three concerns of Arizona voters, who are getting engaged in water issues and will be watching the Legislature closely this session as an election year looms large.

EDF Action and our Water for Arizona Coalition partners are focusing on the following five priorities for this year’s legislative session to respond to residents’ concerns and help ensure water security for Arizona.

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