Market Based Approaches to Green Infrastructure to Restore Hydrologic Function
2011 - Present
Jeffrey Edstrom |
Tel: 312-421-0444 |
||Environmental Consulting & Technology, Inc.
||Academic (0), Government (4), Non-Profit (3), Corporation (9), Private (1)
||Sustainable use and enhanced value
This project will ultimately lead to reestablishment of more natural flows and improved water quality and function for Great Lakes tributaries. The goal is to develop a method to access new capital for sustainable stormwater solutions. The team will evaluate the types of financial transactions possible, and will set up models for financial transactions between an investor who builds green infrastructure and a buyer who requires the stormwater benefits. The team will develop an innovative on-line financial trading platform that will establish the means of transfer and payment structure, and which will allow the sellers and buyers to assess the value of the green infrastructure and the environmental benefits is provides.
The team will work in three locations: Milwaukee, Wisconsin; southeastern Michigan; and Chicago, Illinois. The team will develop five green infrastructure projects and identify buyers and investors.
The team will communicate progress through a project website. Outreach will be conducted to both professional organizations and the business community in the pilot cities, including presentations made to the Chamber of Commerce and/or Board of Realtors in each city. The team will prepare training materials that will describe the transactions, the process for developing them, and will contain a blueprint for a market-based system. The team will also hold a workshop where regulators, investors, sellers and buyers will be instructed in the elements of the trading program.