In June, conservation finance practitioners reconnected in a stone skyscraper overlooking New York City's Madison Square Park for a key annual conference. This story excerpts a dialogue between Emma Crystal, the bank's chief sustainability officer, and a BlackRock research leader named Chris Weber.
Intractable social and environmental problems require collective action. These challenges demand that we step beyond individual mission statements and business models to craft strategies, chart paths forward, and unlock scaled impact—together. A new guide draws on lessons from convenings around the world to make gatherings more enjoyable and effective.
District of Columbia Water and Sewer Authority (DC Water) created a municipal bond that covers the downside risk of using green infrastructure to control stormwater runoff. By offloading risk to investors, the utility drew new financing -and time to get its practices right. Now other cities are following its lead.