Viewing entries tagged
funding

Bonds for financing WSUD

Bonds for financing WSUD

Hi everyone,

One of the big challenges confronting widespread adoption of WSUD is how to pay for it. We have discussed this before from several different angles including:

Today we tackle this from a new angle. We recently caught up with John Matthews from the Alliance for Global Water Adaptation. John is a conservation biologist who has developed a wide skill set, including an interest in finance; particularly green and climate bonds. This makes John a fascinating person to speak to about the challenge of funding WSUD.

In this episode John and I discuss what bonds are and how they can be used to secure funding for green initiatives. With all the attention that stormwater utilities are receiving in our industry are present, perhaps this is a nice complimentary approach?

At the end of the episode John mentions several links. These are:

www.climatebonds.net/standard/water

www.alliance4water.org/

www.agwaguide.org/

Cheers

Jack

Trusting the process and finding funding

Trusting the process and finding funding

You may remember back in episode 102 we heard from Andy Reese about American stormwater utilities, and the potential benefits of this stormwater governance model. In this episode we continue the discussion with Hector Cyre. I met Hector at the New Zealand Stormwater Conference, where we both presented keynotes. We spoke about the potential of stormwater utilities to provide a stable funding source for stormwater management.

Cheers

Jack

From America with ideas - funding stormwater maintenance

From America with ideas - funding stormwater maintenance

Hi everyone,

Has anyone else had this experience?

You have a good idea.

It might be work related. It might be related to a hobby. It might be related to something else. It doesn't matter.

You tell people about it. They sort of get it, but aren't really interested.

You tell more people. They are a little interested, but not in any meaningful way.

You continue telling people, and at some point someone gets it. They get excited. Then more people get your idea. You're not sure what changed, but something did.

That happened recently for me.

I had been considering an idea that I termed a 'stormwater levy'. Essentially the idea was to stop funding stormwater management from local government rates (i.e. based on property value), and instead fund it from a levy based on the amount of impervious area on people's properties.

Then, Andy Hornbuckle from SPEL Environmental gave me a call. He told me that he had an American fellow that he wanted me to meet. Andy Reese. He told me that Andy had experience setting up 'stormwater utilities' in America. Stormwater utilities, Andy told me, fund stormwater management through a user charge based off impervious area. They can be, but don't have to be a standalone organisation.

What you need to realise is that Andy Hornbuckle didn't know that I'd been considering a stormwater levy. It was quite the coincidence that he rang me.

"Really?" I said, "That sounds a lot like this stormwater levy that I have been considering."

Fast forward to October this year and I had the opportunity to present alongside Andy Reese in Brisbane, Sydney and Melbourne.

This episode of Ideanthro was recorded in Brisbane, It is Andy's presentation followed by my presentation. It is well worthwhile taking a look at Andy's presentation. Andy talks in detail about his experience establishing stormwater utilities in America. There is a lot that we can learn from the American experience. Why they are popular. How much they cost. How to make a compelling case for one.

A big thank you to:

  • Andy Reese - for being very generous with your time and sharing a lot of your experience with me over several days
  • Andy Hornbuckle - for giving me a call in the first instance, for allowing me to present alongside Andy Reese and for providing the videos of our presentations

What do you think of the idea of a stormwater utility?

Cheers

Jack