Status of initiative: N/a
Description/achievement of initiative

EKO Asset Management commits to launch; NatLab; - an innovative platform to accelerate the development of financial instruments that support investment in green infrastructure retrofits.

Implementation methodologies

The Philadelphia investments will support restoration and recreation of natural infiltration systems—green roofs, pervious pavement, wetlands, and other techniques—that mitigate stormwater runoff and reduce combined sewage overflow events, while introducing green jobs to lower-income communities. Outcomes of the pilot will include specific policy recommendations, potential financing structures for catalyzing private capital for natural infrastructure projects, and a final report for policymakers, water utilities, and other audiences to facilitate replication of the program in other cities.

Initial financing research published by NRDC and EKO suggests that there is a $370 million private investment opportunity. NatLab will provide a blueprint for Philadelphia to meet its natural infrastructure needs and for private investors to realize returns on these kinds of green investments.

Arrangements for Capacity-Building and Technology Transfer

Coordination mechanisms/governance structure

Partner(s)

The Nature Conservancy
Deliverables
2013
Institute stringent practices for the responsible management, disposition and tracking of e-waste.
2013
Launch first NatLab pilot to catalyze private capital investments to preserve and restore natural infrastructure in Philadelphia, to address overflows and runoff from stormwater and improve water quality while also stimulating green economic growth.
Sustainable Development Goals and targets
Resources devoted to implementation
Financing (in USD)
370,000,000 USD
SMART
This initiative does not yet fulfil the SMART criteria.
SDGs
Action Network
Information
Location: USA
Date of completion: 2013
Operating in countries
Partner connections
Contact information/focal point(s)
, rbayon@ekoamp.com

Documents
#SDGAction733
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