grants

Reef Insurance | Earth Wise

January 4, 2023 By EarthWise Leave a Comment

Coral reefs around the world face multiple dangers from warming waters, acidification, human activity, and more. Powerful storms often cause tremendous damage to reefs. When possible, snorkelers and divers are deployed to try to repair damage to reefs. But philanthropy and government grants are basically the only resources available to fund such actions.

Three years ago, tourist businesses and the government in the Mexican state of Quintana Roo purchased an insurance policy to offset costs of protecting the local parts of the Mesoamerican Reef. The environmental group the MAR Fund later took out an insurance policy on the rest of the reef in Mexico, Belize, Guatemala, and Honduras.

With this precedent, the Nature Conservancy recently purchased an insurance policy on behalf of the state of Hawaii to help offset repair work on its coral reefs. It is the first U.S. coral insurance contract.

Coral reefs are more than just hosts for marine life. They provide barriers against ocean storm surges, which is a major financial incentive for protecting them and hence an incentive to invest in insurance.

The new Hawaiian insurance policy has a premium of $110,000 a year and will provide $2 million in protection. Payouts occur when wind speeds go above 50 knots. No further proof of damage is required.

The Nature Conservancy has created teams called ‘Reef Brigades’ composed of snorkelers and divers who recover reef fragments, store them in ocean or shore-based nurseries, and then re-attach them when conditions are safe. It can be very expensive to do this sort of work, particularly when new corals grown in a nursery are required.

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Analysis: First U.S. coral insurance marks the rise of the reef brigades

Photo, posted September 14, 2011, courtesy of Greg McFall/NOAA Office of National Marine Sanctuaries via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Upgrading The U.S. Power Grid | Earth Wise

February 15, 2022 By EarthWise Leave a Comment

The Department of Energy has launched the Building a Better Grid Initiative to accelerate the development of new power transmission lines. The initiative aims to upgrade the nation’s grid, connect more Americans to clean electricity, and reliably move clean electricity to where it is needed most. The initiative is a part of the Bipartisan Infrastructure bill that was signed into law in November.

Under the initiative, DOE will identify critical national transmission needs and support the buildout of long-distance, high-voltage transmission facilities as well as support transmission planning, financing mechanisms, transmission-related research and development, and efforts on energy justice.

DOE will deploy more than $20 billion in federal financing that includes more than $10 billion in grants to states, Tribes, and utilities to enhance grid resilience and prevent power outages. It will also coordinate with other agencies to streamline permitting for transmission infrastructure.

Seventy percent of the US grid’s transmission lines and power transformers are over 25 years old. There is also insufficient transmission capacity, especially for transmission that facilitates transfer of power across regions. The current grid is vulnerable to harsh weather and needs improved reliability.

Providing more transmission capacity in areas where it doesn’t exist today is essential for the integration of more large-scale renewable generation sources into the grid. The national goal of 100% clean electricity by 2035 is not just about decarbonizing the generation sources. A substantial upgrade to the transmission infrastructure is necessary and the Building a Better Grid Initiative is a major step in the right direction.

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The big upgrade to the US power grid is kicking off

Photo, posted February 2, 2020, courtesy of Tony Webster via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

The First Earth Fund Awards | Earth Wise

December 25, 2020 By EarthWise Leave a Comment

Last February, Amazon CEO Jeff Bezos announced that he was launching the Bezos Earth Fund that would grant money to scientists, activists, NGOs and others making an effort to help preserve and protect the natural world. The fund would start out with $10 billion and would begin issuing grants later in the year.

In November, the first Earth Fund award recipients were announced. In total, 16 organizations will be receiving nearly $800 million in funding.

The largest awards include the following: the Environmental Defense Fund received $100 million to build and launch MethaneSAT, a satellite that will locate and measure sources of methane pollution around the world and provide public access to data that assures accountability.

The Natural Resources Defense Council was awarded $100 million to advance climate solutions and legislation at the state level, promote policies and programs focused on reducing oil and gas production, protect and restore ecosystems that store carbon, and accelerate sustainable and regenerative agriculture practices.

The Nature Conservancy also received $100 million and plans to use the money to help protect the Emerald Edge forest. (That is the largest intact coastal rainforest on Earth, spanning 100 million acres through Washington, British Columbia and Alaska).

The World Resources Institute will receive $100 million, doled out over five years, to be used to develop a satellite-based monitoring system to advance natural climate solutions around the world.

An additional $100 million award went to the World Wildlife Fund to help protect and restore mangroves, develop new markets for seaweed as an alternative to fossil fuel-based products, and to protect forests and other ecosystems around the world.

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The organizations that will benefit from Bezos’ $791M and what will they do with the money

Photo, posted March 4, 2015, courtesy of Kevin Gill via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Working Forest Buffers | Earth Wise

April 15, 2020 By EarthWise Leave a Comment

More than 100,000 miles of U.S. rivers and streams are polluted by nitrogen and phosphorus, mostly from agricultural runoff. In the past, forests grew naturally alongside these waterways and helped stabilize stream banks and decrease flooding while trapping and filtering pollutants. But most of these forests have been cut down to make way for towns, cities, livestock, and crops.

Farmers are reluctant to retire valuable farmland with non-productive buffer planting. But in Pennsylvania, there is an innovative program that encourages farmers to plant cash crops in waterway buffer zones that can help stabilize stream banks and clean up the waterways. These plantings are called working buffers.

Strips of streamside land are replanted with native floodplain trees and shrubs. These are known as riparian forest buffers. Pennsylvania has instituted a grant program under which farmers and landowners plant these buffers and turn a profit.

Many of these buffers have three zones. A conventional forest buffer that can be just 15 feet wide is composed of native woodland and stabilizes the bank with tree roots and enhances wildlife habitat. A second zone, some 20 feet wide, is planted with trees and shrubs that can tolerate periodic flooding. Apart from slowing floodwater and taking up nutrients, this zone can provide profits by planting trees like black walnut, hazelnut, persimmon, and elderberry. Only hand harvesting is allowed. A third zone, adjacent to conventional crop, can contain blueberries, raspberries, and decorative woody florals.

How many farmers can be enticed to create these riparian buffers remains to be seen, but they do represent a way to help farmers to reduce pollution and turn a profit along the way.

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A Movement Grows to Help Farmers Reduce Pollution and Turn a Profit

Photo, posted March 19, 2010, courtesy of the USDA via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.