WASHINGTON–(BUSINESS WIRE)–i2 Capital announced today that the pilot Revolving Water Fund in the Brandywine-Christina watershed closed two additional partnership agreements with Pennsylvania townships. East Marlborough and Kennett townships approved working with the Revolving Water Fund to expand upstream investment in the surrounding rural watershed to achieve water quality improvements that comply with mandates from the Pennsylvania Department of Environmental Protection. These agreements follow an agreement with the City of Newark, Delaware, announced in April 2020.
“The scale of conservation challenges around the world requires the environmental community to explore new and innovative models to conservation finance,” said Maria Dziembowska, Delaware Conservation Director of The Nature Conservancy. “Projects like the Brandywine-Christina Revolving Water Fund are a great example of how private-public partnerships can advance our collective efforts to improve the health of our lands and waters.”
The Revolving Water Fund, developed through a partnership between i2 Capital and The Nature Conservancy in close collaboration with Stroud Water Research Center and the University of Delaware Water Resources Center, aims to provide a self-sustaining pool of capital for watershed conservation. The Revolving Water Fund was created to provide municipalities, water utilities, corporations, and public stakeholders with opportunities to purchase quantified pollutant reductions from on-farm agricultural restoration activities to achieve regulatory, supply chain, and/or public benefit objectives.
“Our partnership with The Nature Conservancy and other key contributors to create this innovative freshwater conservation model is a result of significant investments made by the William Penn Foundation and the NRCS Conservation Innovation Grants program,” said Ashley Allen, CEO of i2 Capital. “This is the first freshwater conservation funding mechanism of its kind. In the global water sector, less than three percent of more than $300 billion in annual global water market investments goes toward funding nature-based solutions. The Revolving Water Fund serves as a catalyst that integrates key stakeholders to make that happen.”
The Revolving Water Fund aligns Environmental Protection Agency Clean Water Act compliance with science-based investment in agricultural best management practices on farms that reduce nutrients and sediment flowing into surrounding waterways. The solution provides a powerful compliance-based anchor for effective nature-based water quality management. This anchor, in turn, provides foundational support for strategic purchase of quantified pollution reductions by corporate and public interests to achieve pressing natural resource management agendas. An increasing body of case studies and scientific analysis supports aggressive investment in agricultural best management practices as a key component of…