Andrew Potts, Brian Marengo, and Dan Wible of CH2M discuss four strategies for reducing green infrastructure costs gleaned from hundreds of built projects across the U.S.
In a recent survey by the University of Illinois with data from 131 randomly selected Champaign–Urbana households, researchers found that people are willing to pay not only for infrastructure that reduces basement flooding but also for improvements to local water quality. Previous research has documented the willingness to pay for improvements that reduce flooding. However, […]
Addressing stormwater pollution carries a significant price tag in Virginia, with cost estimates at $10.5 billion, half the total cost of estimated Chesapeake Bay restoration efforts. However, if results from Richmond, Va., are an indicator, costs could be cut by more than 50%. On March 27, the James River Association and Center for Watershed Protection […]
On March 6, the Natural Infrastructure Finance Laboratory (NatLab) released a report on developing private markets for green infrastructure. The report, Creating Clean Water Cash Flows, focuses on attracting private investment in green infrastructure on public and private land. Strategies discussed include project aggregation; offsite mitigation and credit trading programs; subsidies; public–private partnerships; and transformation […]
On May 3, the Chesapeake Bay Commission released Nutrient Credit Trading for the Chesapeake Bay: An Economic Study by RTI International. The study reports that nutrient trading could produce a potential cost savings of 20% to 80%, depending on implementation parameters. The highest cost savings reported are achieved through a watershed-wide program that allows urban […]
On April 12, American Rivers, the Water Environment Federation, the American Society of Landscape Architects, and ECONorthwest released Banking on Green: How Green Infrastructure Saves Municipalities Money and Provides Economic Benefits Community-wide. According to the report, green infrastructure is a cost-effective way to manage runoff and prevent sewer overflows when integrated into new construction and […]
According to a preliminary report by nonprofit research group RTI International (Research Triangle Park, N.C.),nutrient trading could reduce the multibillion-dollar costs of restoring the Chesapeake Bay by 25%. The report, given to the Chesapeake Bay Commission on Jan. 5, stated that achieving nutrient reductions through agricultural best management practices would be significantly less costly than […]