Wetlands, forests and other green spaces are the original water infrastructure. For the first time, they can now be financed through bonds – just like other built infrastructure such as treatment plants and dams.
Forests are more important to climate action than most people appreciate, argues Frances Seymour. They're a cheaper way to reduce emissions, and we already have the political frameworks in place to reduce deforestation.
The US Forest Service has to fight fires with the money meant to prevent tomorrow's, creating a massive budget shortfall for forest restoration. Amid a terrible fire season for the U.S. western states, a new financial instrument can help stakeholders who want to see fires prevented meet that need.
A Colorado wildfire that caused $25 million in damage also played havoc with Denver's drinking water supply, prompting the Mile-High City and others to invest in watershed protection to safeguard forests where the water they need originates. Protecting forested watersheds is critical for utilities that serve over 10,000 U.S. cities. Here are 10 factors that can guide watershed investment.