The Water Environment & Reuse Foundation (WE&RF) recently awarded a contract to Corona Environmental Consulting with Kennedy/Jenks as a team member to begin research on a project entitledFramework and Tools for Quantifying Green Infrastructure Co-Benefits and Linking with Triple Bottom Line Analysis. As more communities consider how to integrate green infrastructure (GI) into stormwater management planning, many have expressed a need for an analysis framework and supporting tool to better quantify and monetize the benefits through a triple bottom line (TBL) approach.
The research team will develop a systematic approach to help utilities and municipalities quantify the financial, social, and environmental benefits of GI at the community level. They will create an economic framework and associated software tool that will guide utilities and municipalities through a TBL analysis to develop useful outputs that appropriately compare benefits and costs.
Results of TBL cost-benefit analysis can help communities identify stormwater management alternatives that maximize community value, compete for scarce funding, leverage private capital and alternative funding sources, support alternative project delivery models, and gain community support.
The project will include utilities from North America such as :
The project is expected to be completed in 2019.
About The Water Environment & Reuse Foundation
The Water Environment & Reuse Foundation, a 501c3 non-profit organization, funds research, pilot projects, and technology demonstrations that maximize the value of water, including wastewater, stormwater, and other water sources. WE&RF is recognized worldwide as a trusted source of innovation and peer-reviewed research in wastewater, water reuse, and resource recovery. For more information, visit www.werf.org
SOURCE: The Water Environment & Reuse Foundation