Conservation takes cash. Lots of it.
By Mike Peña
Key takeawaysPhoto by Will Collette
- Researchers
have launched an innovative process for turning natural flood protection
into a certifiable investment. By quantifying the exact dollar value of
storm protection provided by wetlands, this new methodology creates
“Coastal Resilience Assets” that can be sold to private and public
investors.
- This
tool aims to close the global funding gap for coastal protection. In
addition to the new investment framework, the team released a web-based
calculator to help project developers worldwide estimate the financial
value of mangrove conservation in the face of increasing storm risks.
- The
program shifts how climate adaptation is funded, by moving away from
traditional debt. This standardized approach creates a clear pathway for
businesses and governments to proactively invest in nature-based solutions
that protect property and lives.
The Center for Coastal Climate Resilience (CCCR) at the University of
California, Santa Cruz, has partnered with The Nature Conservancy to develop a
new tool for funding wetland conservation and restoration projects through
verifiable “Coastal Resilience Assets.” The value of these assets are based
on the storm and flood protection benefits that the wetlands provide.
Wetlands play an extremely valuable role in storm
protection. For example, mangroves reduced storm damages from Hurricane Ian
by more
than $4.1 billion; and in San Francisco Bay, the value of some marshes that
serve as flood protection infrastructure exceeds $350,000 per acre.
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