12/3

We need a new financial model to address California’s most pressing environmental problems

Environmental Defense Fund
By Ann Hayden
December 3, 2018

Over the coming decade, the state of California will spend billions of dollars to restore habitat to protect endangered species and mitigate infrastructure improvements. But many existing institutions have been stuck in a project-by-project funding model that limits their ability to leverage private capital, integrate different funding sources or even ensure their desired outcomes are achieved.

Without private capital or partnerships, good conservation projects risk getting stuck in the development and permitting stages for decades, or even stalling out indefinitely. This is particularly true for conservation of large landscapes.

Fortunately, a new approach to conserving habitat is building momentum in California that includes proponents beyond just environmentalists. The private sector is taking on more restoration projects, and state agency staff are showing a greater willingness than ever to leverage private sector partnerships and deliver results more quickly.

Read more here


Facebook