SPONGE COLLABORATIVE +
WEAVING WITH WATER Team
MULLASSERY CANAL FRAMEWORK AND CANAL EDGE MASTERPLAN
Innovative Alternative Funding Mechanisms: 1.
Blended finance - Blended finance is the mixing of private and public funds to a common scheme; the mechanism allows local governments to access development finance from various international agencies as well as philanthropic funds in order to fund initiatives that are designed to achieve specific social or environmental outcomes that are in line with the UN Sustainable Development Goals. Blended Finance is also known as “outcome-based financing” , and is a critical instrument that can be leveraged to make long-term climate resilience investments such as the Living Shoreline, and Sponge Framework infrastructure. A robust data collection regime, as well as Independent evaluation and monitoring mechanisms need to be developed in order to take advantage of this funding mechanism.
2. Community Land trusts - A community land trust is a nonprofit organisation that holds land on behalf of a local community. The CLT is particularly useful as an entity that can ensure long-term stewardship of a landscape asset for the common good, and may be useful in the context of Community Groves and Decentralised waste management centres, as the mechanism also promotes accountability and transparency. Local government agencies,too, can play a part in providing technical support and funding for the setting up of the CLT.
4.3 Serious Gaming Toolkit for a collective framework: The toolkit provides multiple water-based tools/solutions to specific issues observed along the canal in the layers of landscape, mobility, community, and governance. The tools and solutions are organised along scales, stakeholders involved, spatial typologies, cost, and carbon footprint of the interventions. GOVERNANCE:
Figure 84: Tools for collaborative governance (Image Credit: Weaving with Water team)
