The Rockefeller Foundations EIB Challenge is putting a spotlight on an innovative new funding mechanism.
David Pendered reports that the city of Atlanta is throwing its hat into the ring for Environmental Impact Bond funding underwritten by the Rockefeller Foundation.
Atlanta is one of a dozen cities seeking funding from the EIB Challenge, which will eventually fund a total of $342,000 to underwrite Environmental Impact Bonds in two cities. "EIBs are part of the emerging green-bond industry that doubled to $95 billion in 2016, according to a report by bloomberg.com," explains Pendered. "The innovative element in EIBs is the notion that it reduces the financial risk to the government of installing green infrastructure."
The city of Atlanta's application for the EIB Challenge funding would improve the polluted Proctor Creek watershed, which drains much of the rain that falls on Downtown Atlanta.
FULL STORY: Atlanta may be among world’s first cities to use new financing tool for green infrastructure
Environmental Impact Bond to Fund Atlanta Watershed Projects
The bonds finance new green infrastructure projects that otherwise would be considered too risky.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
A Sustainable Future for LA: Updating the OurCounty Plan
Los Angeles County is updating its Sustainability Plan to refine its vision for climate action, environmental justice, and community well-being, with residents encouraged to participate by taking the OurCounty 2025 Update Community Survey.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
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Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
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Great Falls Development Authority, Inc.
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