Financing resilient communities and coastlines: How environmental impact bonds can accelerate wetland restoration in Louisiana and beyond
This report finds that environmental impact bonds could help the US state of Louisiana — and other coastal areas dealing with land loss and sea level rise — restore its rapidly disappearing coast faster and for less money, while involving local asset owners in voluntarily helping pay for projects that realize superior reduction in land loss.
The report outlines next steps the state of Louisiana would need to take to pilot the environmental impact bond, including establishing credit rating, resolving any uses of Gulf oil spill funds and determining the bond's tax-exempt status. If implemented, it would be the first ever environmental impact bond for wetland restoration and would help Louisiana be a world leader in coastal resilience financing.
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