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News focused on funding & financing nature-based solutions
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With the historic level of federal funding available, it's sometime easy to overlook promising conservation finance developments at the state and local levels. To highlight just a few: In Kansas, a diverse coalition of famers, business and conservation groups is advancing a plan to hive off $50 million in sales tax revenues for conservation. This comes after $86 million in federal Environmental Quality Incentive Program applications went unfunded last year for want of state match. Elsewhere in the heartland, the Soil and Water Outcomes Fund, which began in Iowa, has now spread to 14 states and recently surpasses 300,000 acres enrolled, paying farmers for environmental outcomes, while a similar fund in New York topped 100,000 acres. And in Virginia, a leader in the use of conservation tax credits, the legislature is considering a budget amendment that would create a $20 million Pay for Success pilot program, which would join Pennsylvania and Maryland in paying farmers for nitrogen reductions entering the Chesapeake Bay.
Here's to conservation finance innovation in your state!
Peter Howell Executive Director Conservation Finance Network
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The Five Principles That Define Natural Climate Solutions. A new paper clarifies how nature can provide effective, measurable and equitable solutions to tackle the climate and biodiversity crises. (The Nature Conservancy)
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Instead of Carbon Offsets, We Need ‘Contributions’ to Forests. Because of problems created by the incentive structure for carbon offsets as a mode of climate mitigation, companies should switch to a “contributions” framing to preserve a crucial flow of climate investment. (Stanford Social Innovation Review)
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Conservation Finance 3-part webinar series resources. CFN hosted a webinar series about forest carbon for USFS state and territory staff in the fall. Explore the available resources on this page. (Conservation Finance Network)
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Challenges to Scaling RCPP: A Review of the Regional Conservation Partnership Program's 2023 Notice of Funding Opportunity. This report analyzes how NoFO's can be altered to more rapid deploy federal funding and how the RCPP model can advance innovative conservation strategies as at scale. (EPIC)
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Department of Defense:
NPS Rivers, Trails and Conservation Assistance program:
NOAA:
NFWF:
U.S. Endowment for Forestry and Communities:
USDA Forest Service:
USDA NRCS:
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