Leigh DeForest is a graduate fellow in the 2019 Leaders in Environment and Finance (LEAF) program. As a part of the LEAF Fellowship, Leigh spent the summer of 2019 working at Triangle J Council of Governments. While at Triangle J she researched the ancillary benefits of stormwater utilities and green stormwater infrastructure as well as contributing to the Jordan Lake One Water initiative.
When communities consider establishing a potential new stormwater fee, residents may inquire about why they are being charged and where their money is going. Forming a stormwater utility fee creates a dedicated revenue source that can be used to support long-term planning for the control of urban stormwater runoff that benefits both the community’s functionality and the surrounding environment. Both permitted and non-permitted municipalities can benefit from instituting a stormwater utility. Continue reading
In North Carolina, and around the country, growth in the deployment of solar photovoltaic (PV) power has accelerated dramatically in recent years. However, from the standpoint of financing the provision of electric power to customers, this growth in solar deployment presents challenges to the traditional business models of investor-owned utilities (IOUs). How will the electric power industry adapt in the coming years, especially from the standpoint of sustainable financing of clean energy?
By Sarah Royster and Mary Sketch
The Environmental Finance Center analyzes annual data from multiple sources, including the NC Division of Environmental Assistance and the NC Division of Waste Management, on solid waste fees from North Carolina counties and municipalities. Using surveys from various government commissions on solid waste charges per household or resident, this data was combined with annual census data to reveal several interesting trends. Continue reading
Almost two years ago, we wrote a blog post revealing that average residential water use is declining in the State of North Carolina. Similar trends have also been identified in other states and across the country, driven by several factors. It turns out; it’s not just average residential water use that is declining. Despite growing service populations, many utilities have noticed that total demand is falling.
The Future of Environmental Finance: Strategies for Financing Current and Future Environmental Challenges
May 5th, 1:30-4:30pm in Chapel Hill, NC
Free and Open to the Public. Live Web Streaming Available.
Who Pays? With What Money?
The costs of environmental services, programs, and infrastructure continue to rise. At the same time, the individuals, communities, and governments tasked with paying for environmental protection are experiencing significant financial challenges. Whether a billion dollar effort to restore a region’s polluted water supply, a $4,000 project to weatherize a financially disadvantaged family’s home, or a program to replace a small town’s 50-year-old water treatment plant, all environmental initiatives share a common challenge: who will pay and and with what money? Without implementing fair and sustainable solutions to these environmental finance questions, the most brilliantly conceived environmental technology or program will likely fall short of achieving its goals.
This public forum will feature engaging presentations from prominent environmental finance experts and innovators from a variety of perspectives that cut across sectors and issues. This event will foster discussion and identify emerging trends, strategies, and ideas that will help answer the basic “how will we pay” questions at the heart of successful environmental protection.