Growing Returns

Biden’s roadmap to nature-based solutions could be the key to future resilience planning.

In early December 2022, the Biden-Harris administration announced the release of a Roadmap to Accelerate Nature-Based Solutions to address climate change, inequity, and nature loss. This roadmap outlines five strategic recommendations for federal agencies designed to put the U.S. on a path to maximizing the use of nature-based solutions.

Coastal Resilience 2021 - Hampton Roads region, VA

Chesterfield Heights – Historic neighborhood with living shoreline construction project comprised of a raised berm (a mound of ground), grass plantings, wetland restoration, oyster reefs, and storm drains.

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Federal R&D funds are key to solving enteric methane challenge, keeping U.S. agriculture competitive

As the U.S. works to stabilize the climate and foster innovative domestic industries, reducing emissions from agriculture — currently about 10% of annual emissions — is a critical piece of the puzzle. Yet federal R&D investments in agricultural climate solutions remain 35 times smaller than clean energy R&D investments.

Of the limited agricultural R&D spending, funds aren’t going to one of the biggest climate opportunities. Enteric methane emissions, released as livestock digest their food, account for 28% of U.S. agricultural emissions, but only 2% of federal R&D mitigation funds go toward enteric methane solutions, according to new research from The Breakthrough Institute and Environmental Defense Fund.

This mismatch will increasingly put U.S. farmers and ranchers at a competitive disadvantage in global markets and misses a top climate opportunity. Congress and USDA can remedy the mismatch in the next farm bill. Read More »

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Exciting new partnerships help Groundwater Accounting Platform expand to new regions

This blog is co-authored with the California Water Data Consortium.
By Mike Myatt (Senior Director, Climate Resilient Water Systems – EDF) and Hannah Ake (Senior Program Manager – California Water Data Consortium)

A key first step toward managing groundwater sustainably in California, as required by the state’s Sustainable Groundwater Management Act (SGMA), is tracking how much water is being used and how much is available – otherwise known as water accounting – because you can’t manage what you don’t measure. This is especially true during drought.

To help groundwater agencies more easily track and communicate supply and demand, state water agencies, the California Water Data Consortium, and Environmental Defense Fund (EDF) announced a partnership last year to make an open-source Groundwater Accounting Platform (Platform) available to groundwater agencies. In the exciting latest news, three more water agencies have signed on to use the platform and help expand its functionality as the Department of Water Resources has committed more funding and expertise to further develop it. The Platform offers a readily accessible source code and is a cost-effective option for water managers to adapt and customize accounting practices; rather than developing their own tools from scratch.  Read More »

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Major banks are setting climate targets. What the agricultural finance sector needs to know.

Many major banks have set targets to reduce financed greenhouse gas emissions in their loan portfolios to zero by 2050 (also known as net zero targets). They join a growing movement of companies throughout the agricultural supply chain to set ambitious targets to reach net zero by 2050 to prevent the most severe impacts from climate change.

The Banking for Impact on Climate in Agriculture (B4ICA) initiative recently published “An introductory guide for net zero target setting for farm-based agricultural emissions” that shares best practices for banks to set net zero GHG emissions targets for their agricultural loan portfolios. The guidance helps banks setting agricultural sector emissions reduction targets as part of their commitments to the Net Zero Banking Alliance ­— an alliance of 122 banks representing 40% of global bank assets that have committed to aligning their assets with net zero GHG emissions by 2050 or sooner. Read More »

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How companies can reduce nitrogen pollution and measure progress toward climate goals

Nitrogen is essential for life, but excess nitrogen can pollute the atmosphere and water. This has a huge impact on human and ecosystem health, as well as financial losses to farmers from fertilizer — which is at a record high price — that ultimately won’t be utilized by crops.

EDF’s new N Balance Implementation Guide provides a comprehensive and pragmatic road map for food and agriculture companies to help reduce nitrogen pollution from agricultural production and claim the environmental improvements associated with nitrogen management.

n-balance

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Building climate resilience requires a whole-of-government approach. Here’s how Louisiana is making it happen.

As communities in southwest Florida, Puerto Rico and elsewhere in the Caribbean struggle to recover from the damages of an active hurricane season, efficient, proactive resilience solutions have never been more important.

Louisiana continues to be a world leader in the planning and implementation of coastal resilience. Louisiana will release the fourth iteration of its Coastal Master Plan in early 2023, which provides the most science-based and publicly informed plan in the nation. Since the first plan, $21.4 billion has been invested in flood resilience infrastructure – focused on restoration of coastal ecosystems that provide essential flood risk benefits and grey infrastructure such as levees and seawalls. Other state agencies have also invested billions in rebuilding their infrastructure, such as schools, hospitals and prisons.

flooded hospital

Flooded hospital in Louisiana after a storm.

However, flood resilience is not just about infrastructure but also the ability of government agencies to maintain programs and services their constituents rely upon, from trash collection to food assistance to healthcare. Louisiana is the first to take a step toward a whole-of-government approach to ensure communities have access to the essential services they need to rebuild and thrive in the face of future flood risks.

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Replicable revenue streams can help natural infrastructure projects receive State Revolving Fund financing

Natural infrastructure can provide protective barriers to reduce flood risk while also offering community green space and supporting green jobs. Louisiana GOHSEP, CC BY SA 2.0.

Authors: Vincent Gauthier (EDF), Tee Thomas (Quantified Ventures)

The Bipartisan Infrastructure Law will invest more than $44 billion in the Clean Water and Drinking Water State Revolving Funds, or SRFs, presenting a tremendous opportunity to finance natural infrastructure solutions that can improve water quality and protect communities against flooding. While natural infrastructure can be a cost-effective way to improve water quality and reduce flood risk, these projects have historically been difficult to finance through SRFs due to a lack of consistent repayment streams.

EDF and Quantified Ventures recently published a report that identified five replicable repayment streams that communities and conservation groups can use to access SRF financing for natural infrastructure such as wetlands, floodplain restoration, and riparian buffers. These repayment streams include stormwater utility fees, source water protection fees, and environmental markets.

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Five ways U.S. agriculture can adapt to climate change

Farmers have a long history of steadily increasing crop yields through technological innovation and improvements in management practices. However, as climate change makes weather more extreme and variable than ever before, productivity progress will likely stall by 2030 — even if the U.S. maintains past rates of R&D investment and innovation. Adaptation efforts must begin now to protect food supplies and farmer livelihoods.

Adaptation options can be deployed at various scales to combat the unknown challenges ahead.

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How will climate change affect U.S. crop yields?

As the UN climate conference kicks off in Egypt, food and agriculture are central to negotiations for the first time. More severe droughts, warmer temperatures and heavier rainfall fueled by climate change are making it harder than ever for the world’s one billion farmers to grow food and fiber. While some farms and regions are more vulnerable than others, climate change will affect farmers everywhere.

Here in the U.S., where farmers have a long history of steadily increasing yields, climate change will likely cause crop productivity gains to stall — or even reverse — as soon as 2030.

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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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