Unlock Climate Resilience with New Funding for Natural Asset Management Projects
Published:
October 23, 2024
Author:
Amy Taylor

Municipalities across Canada have a new opportunity to enhance their climate resilience through funding from the Green Municipal Fund (GMF). This initiative, specifically for Climate-Ready Plans and Processes, offers funding to support local governments in developing climate adaptation plans, asset management strategies, risk assessments, and other climate-focused projects. With a deadline of November 29, 2024, this funding is essential for those seeking to build climate-resilient communities.

At Green Analytics, we specialize in helping municipal governments establish natural asset management plans, which are key to building long-term climate resilience. Such plans include natural asset inventories, ecosystem service valuation, planning, and life cycle costing estimates, and help ensure that municipalities not only manage their natural assets effectively but also align with climate adaptation goals.

Why Natural Asset Management is Important

Natural assets like forests, wetlands, and green spaces provide essential ecosystem services, from reducing flood risks to absorbing carbon emissions. However, these assets are often undervalued or overlooked in traditional asset management practices. That’s where Green Analytics comes in—helping municipalities integrate natural assets into their asset management and long-term climate resilience strategies.

By assessing the condition and value of natural assets, municipalities can:
  • Improve their capacity to respond to climate risks.
  • Optimize investments for sustainable growth.
  • Ensure infrastructure projects account for the ecological benefits of natural systems.

Our services include:

  • Inventory: Identifying and quantifying natural assets within a municipal boundary.
  • Ecosystem Service Valuation: Quantifying the economic benefits of ecosystem services.
  • Planning: Developing comprehensive strategies to maintain and enhance natural assets.
  • Life Cycle Costing: Estimating long-term costs and benefits of natural asset management for climate resilience.
Eligibility and Application Process

The GMF funding is open to various organizations, including:

  • Canadian municipal governments (towns, cities, regions, etc.)
  • Municipal partners, such as municipally owned corporations and not-for-profit organizations.
  • Indigenous communities.

It’s important to note that for-profit entities are not eligible for this funding.

If your organization fits these criteria, we recommend preparing your application as early as possible. Submitting a complete application well before the deadline gives GMF the opportunity to flag any issues and ensure your project is eligible for consideration. This funding round will prioritize projects from applicants who have not yet received support from the Climate-Ready Plans and Processes initiative.

Green Analytics has a proven track record of helping municipalities undertake natural asset management for increased climate resilience.  

To learn more about how Green Analytics can assist with your natural asset management project, contact us today. Together, we can build stronger, more climate resilient communities.

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