Growing Returns

Selected tag(s): resilience

Climate-driven floods could displace millions of Americans. Local buyout programs could help them relocate.

By Kelly Varian, Master of Public Affairs Student at UC Berkeley

Flooding is the most frequent and costly natural disaster in the United States, causing over $30 billion in damage annually, with disproportionate effects on low-income communities. With climate change exacerbating flood risk and population growth continuing in high-risk areas, over 40 million Americans living along rivers and inland floodplains, along with 13 million more on the coasts, could see their homes inundated with water by the end of the century. 

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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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Prioritizing communities and nature in the nation’s largest Army Corps project in New York-New Jersey Harbor

A plan for the largest transformation of New York City’s and northern New Jersey’s waterfront since the Robert Moses era has been proposed by the U.S. Army Corps of Engineers (USACE). It’s called the New York-New Jersey Harbor and Tributaries Study and it was introduced to the public to address flooding and storms like Hurricane Sandy. At stake is the future of more than 84 miles of waterfront and waterways in the metropolitan region and an area that supports 16 million people.  

New York City

New York and New Jersey residents must determine if this $52 billion dollar plan aligns with the future they want. Addressing flood risks is a step in the right direction, but as it stands today, the current proposal does not reflect the priorities of many communities and environmental organizations. With the impacts of climate change already in motion, we simply cannot afford to get this wrong.  Read More »

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Five recommendations for integrating equity into benefit-cost analysis for flood risk management

When making any decision, we often find ourselves weighing the pros and cons of an action – the benefits versus the cost. The official practice, referred to as “benefit-cost analysis,” is not only used by individuals and businesses, but also by the federal government when determining funding for a program or initiative. In simple terms, when the benefits exceed the cost of an investment, federal funding may be made available.

flooding

But oftentimes benefit-cost analysis doesn’t look at the full picture, neglecting to consider who benefits from an investment and who bears the brunt of its cost. This is true when examining the nation’s flood risk management strategy. Historically, the annual loss from flood damage disproportionately impacts low-income communities and communities of color, leaving those with fewer resources less protected.

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A new way of partnering with the Corps leads to innovative wetland mitigation solutions and increased flood resilience.

Today marks the release of the Record of Decision (ROD) from the U.S. Army Corps of Engineers (USACE) on a restoration project known as the River Reintroduction into Maurepas Swamp (or Maurepas Diversion) that will serve as mitigation for the West Shore Lake Pontchartrain hurricane risk reduction levee project (WSLP). Read More »

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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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4 ways North Carolina’s Legislature can build lasting flood resilience

As North Carolina continues to recover from a string of flooding and storm disasters, legislative leaders have recognized the opportunity for the state to not just recover from recent storms but to rebuild better before the next disaster.

This week, Environmental Defense Fund released a white paper [PDF] recommending four specific policy actions that would better protect residents and businesses from more severe flooding, create jobs and increase climate resilience.   

These four policies will also help the state better compete for federal funding, build capacity within communities and equitably align solutions for those who are disproportionately impacted by disasters.   Read More »

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Farmers and environmentalists team up to push Congress to act on climate

Agricultural and environmental advocates have joined forces to push Congress to act on climate change. The new Food and Agriculture Climate Alliance developed more than 40 joint policy recommendations for making farms, ranches and forests more climate resilient, harnessing the power of natural climate solutions.

Environmental Defense Fund, American Farm Bureau Federation, National Council of Farmer Cooperatives and National Farmers Union co-chair the alliance, and membership has expanded to include FMI-The Food Industry Association, National Alliance of Forest Owners, National Association of State Departments of Agriculture and The Nature Conservancy. Read More »

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3 takeaways from my testimony to Congress on climate-related financial risks to U.S. agriculture

Highlight: EDF’s Maggie Monast testified at a hearing of the House Select Committee on the Climate Crisis, “Creating a Climate Resilient America: Strengthening the U.S. Financial System and Expanding Economic Opportunity.” Watch here.

It’s becoming impossible to ignore the risks that climate change poses to financial markets, including those that support U.S. agriculture.

Increased temperatures and more frequent droughts and extreme precipitation events threaten crop productivity across the nation. In 2020 alone, we have seen ample evidence of these impacts, including destructive storms in the Midwest, hurricanes along our coasts, and wildfires and smoke in the West.

These physical risks of climate change create risks to the U.S. financial system, which was the topic of last week’s hearing held by the House Select Committee on the Climate Crisis, entitled “Creating a Climate Resilient America: Strengthening the U.S. Financial System and Expanding Economic Opportunity.”

I testified to the committee on climate risks to the agriculture finance system — and opportunities to build resilience. Read More »

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How states can finance coastal resilience before the next disaster

As climate change drives more intense storms, hurricane-related costs in the United States have increased 1,100% since 1980, and the population of counties prone to hurricane damage has increased at least 22% faster than the overall U.S. population has grown.

State governments must prioritize rebuilding better and investing in climate resilience now to avoid the skyrocketing costs of future disasters. Every $1 invested to mitigate a disaster saves $6 in recovery. Read More »

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