As worldwide temperatures soar and disasters intensify, urban planners and political leaders are spending more time trying to understand and build local resilience. The Rockefeller Foundation has emerged as a global leader in this effort with the 100 Resilient Cities initiative (100 RC). Under the 100RC program, Earth Economics worked with the City of El Paso to value its natural capital and ecosystem services.
In the remote waters of Alaska's Bering Sea, a tiny community wants to maintain its rich resources. St. George Island is home to about 80 residents - many of whom rely heavily on the island’s natural resources for cultural and subsistence purposes. To help the community plan resource protections, Earth Economics is conducting an economic assessment of St. George Island and its surrounding marine area.
For far too long, nature has either been undervalued or ignored entirely in planning and investment – with profound effects on decision making. But recent policy changes are beginning to reflect the value of ecosystem services. Federal agencies like FEMA and HUD are starting to recognize that nature does indeed hold value for people, and that it should play a role in our decision making.
The Pacific Northwest’s Columbia River is a powerful force – currently managed primarily to maximize hydropower generation and flood risk management, the Columbia River Treaty is due for an update in 2024. To help inform Treaty negotiations, Earth Economics is partnering with a coalition of tribes and area stakeholders to conduct an economic valuation of the Columbia River Basin’s natural capital.
It’s been a busy year already at Earth Economics! We’ve attended a number of conferences and events, worked on projects from Alaska to Central America, and seen a lot of exciting developments in our work. Natural capital is increasingly becoming a part of the conversation as agencies like FEMA and HUD begin to incorporate ecosystem services, and we are excited to engage in these efforts to account for nature. Take a look at our 2016 program highlights so far.
In cooperation with the Urban Waters Federal Partnership, Earth Economics is embarking on a new project focused on Colorado's South Platte River Watershed in collaboration with the Ecosystem Sciences Foundation and Plan-It Geo. The project will assess the watershed’s ecological health with the aim of identifying and prioritizing restoration and conservation areas.