Requests financing for sustainable water infrastructure
The Johnson Foundation’s Lynn Broaddus testified before a panel of the U.S. House Transportation and Infrastructure Committee on innovative and sustainable solutions to handle increasing pressure on the country’s aging freshwater systems.
Broaddus, director, Environment Program at the Johnson Foundation at Wingspread, focused her testimony on Charting New Waters’ recent “Financing Sustainable Water Infrastructure” report. The report is the product of a meeting convened by the Johnson Foundation, in collaboration with American Rivers and Ceres, which brought together a group of experts to discuss ways to drive funding toward the infrastructure needed for the 21st century.
“The deteriorating state of our nation’s water infrastructure needs urgent attention and I commend Chairman Gibbs and Ranking Member Bishop for bringing Congressional oversight to these issues,” said Broaddus. “I believe the “Financing Sustainable Water Infrastructure” report can be a vital resource as Congress considers how innovative financing systems can support new, sustainable water infrastructure that meets the needs of future generations.”
In her testimony before the Water Resources and Environment Subcommittee, Broaddus highlighted the report’s findings that the water utility business model is undergoing a transformation largely due to technology but that these changes also provide opportunities for new sources of innovative financing and effective water management. Broaddus also noted that the nation needs financial systems that recognize the changing nature of our water and energy resources.
Broaddus emphasized the following key points in her testimony:
The “Financing Sustainable Water Infrastructure” report details how innovative financing and pricing flexibility are key to preparing the nation’s aging freshwater systems to handle growing demand and environmental challenges.
It concludes that our nation’s water systems have delivered remarkable benefits that have allowed for economic growth and well-being. However, those systems are aging and require new thinking about how we finance and develop them to meet a set of changing future demands. New financing models and pricing flexibility provide enormous opportunity for positive transformation necessary to keep pace with the rapid changes being experienced by counties, municipalities and investor-owned utilities.
To view Broaddus’ written testimony click here.