Growing Returns

Selected tag(s): climate change

New report: Investing in Arizona’s water future

This blog is co-authored by Rachel O’Connor, Manager, Climate Resilient Water Systems.

As Arizona’s water crisis worsens due to extreme drought and overuse, more attention than ever is being directed toward addressing this critical issue. At the federal level, an influx of funding has become available through the Bipartisan Infrastructure Law and Inflation Reduction Act. And at the state level, the Water Infrastructure Finance Authority (WIFA) has just begun accepting proposals for its first allocation of $200M for water conservation projects

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New report shows climate change will impact strawberry production in Florida

Authors: Dawn Shirreffs and Kelly Suttles

In 2022, the Florida legislature created the official designation of strawberry shortcake as the State Dessert. Key lime pie advocates may yet have a second chance to emerge victorious as important new research by Environmental Defense Fund and Two Degrees Adapt signals concern for growing strawberries in the Sunshine State due to climate change.

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Agricultural banks expect climate change to pose financial risks. Here are five strategies to help them adapt.

Climate change is projected to impact agricultural production worldwide, and 87% of agricultural finance institutions in a recent survey expect it to present risks to their business. Meanwhile, only 24% significantly factor climate change into their decision-making processes.

new guide from EDF and Deloitte offers five strategies for agricultural finance institutions to manage climate risks and act on climate opportunities. These five strategies integrate climate into agricultural finance institutions’ existing risk frameworks and take a proactive approach to help farmers and ranchers adapt to climate change:

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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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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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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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