Natural Infrastructure Fund Top-Up
Natural infrastructure—projects that use nature to meet infrastructure needs, such as flood control, water filtration, and temperature control—can protect the natural environment, support healthy and resilient communities, contribute to economic growth, and improve access to nature. The Green Budget Coalition therefore welcomed the creation of a Natural Infrastructure Fund in Budget 2021.
This Fund was established with an initial investment of $200 million. The Green Budget Coalition recommends additional investments in this Fund in Budget 2022 to enable more communities across the country to access funding for natural infrastructure projects.
The forthcoming National Infrastructure Assessment will help identify needs and priorities in the built environment and support evidence-based long-term planning toward a net-zero emissions future. Recommendations for the National Infrastructure Assessment highlight the many co-benefits of greater use of natural infrastructure. With additional funding in Budget 2022, the Natural Infrastructure Fund will be able to leverage work emerging from the National Infrastructure Assessment to support strategic investments in priority areas.
An additional $400 million over three years for the Natural Infrastructure Fund. [INFC]
Lisa Gue – email@example.com