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.
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
The Nature Conservancy
Institute stringent practices for the responsible management, disposition and tracking of e-waste.
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)