The costs of natural disasters continue to rise. Even as FEMA provides community recovery assistance, it also spends billions each year on hazard mitigation projects. One key mitigation tool is FEMA’s support of nature-based solutions (NBS) that reduce the risks from flooding, wildfire, or drought. Earth Economics has supported FEMA as it has made NBS a key component of its hazard mitigation strategy through policy and technical assistance to communities.
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In February, Earth Economics participated in the Melbourne Network Exchange, a three-day event hosted by the Rockefeller Foundation’s 100 Resilient Cities Program. Chief Resilience Officers from cities around the globe convened with Platform Partners to exchange practices and approaches for strengthening natural assets, especially urban biodiversity. As part of the partnership, we shared our approach to communicating nature's value in support of city resilience.
It’s hard to believe that 2016 is already wrapping up – what a full year this has been! We have some exciting opportunities ahead, and we’re pleased to share our 2016 successes with you.
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.