WASHINGTON, D.C. – November 9, 2015 – (RealEstateRama) — The U.S. Endowment for Forestry and Communities (Endowment) awarded a $1.5 million grant to the Electric Power Research Institute (EPRI) to integrate forestry as a best management practice on farmland and reduce nutrient runoff into waterways in the Ohio River Basin. The project has important implications for water quality and drinking water in the Ohio River Basin and potentially across the country.
“EPRI and its research team pioneered a comprehensive approach to develop a market for nutrient reduction credits, founded on credible science,” said Carlton Owen, the Endowment’s President and CEO. “We are pleased to support this new effort to add forestry as a best management practice.”
The Endowment’s grant will offer farmers and private landowners another option in addition to the agricultural conservation practices already in use through the program on farms in Indiana, Ohio, and Kentucky. Forested buffers are an effective way to reduce nitrogen and phosphorus from entering waterways. Forests also offer the promise of increased income from hunting leases, timber products, and carbon sequestration. Increasing forests in this area will also provide important benefits for wildlife.
“Successful development of water quality trading markets would benefit landowners and watersheds across the county where nutrient runoff is an important issue, such as the Gulf of Mexico,’ noted Peter Stangel, Senior Vice President at the Endowment. “Supporting EPRI’s leadership in this project will accelerate understanding of what it takes to create a successful market.”
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For more information contact:
Peter Stangel, 404-915-2763,
The U.S. Endowment for Forestry and Communities (the Endowment) is a not-for-profit public charity working collaboratively with partners in the public and private sectors to advance systemic, transformative, and sustainable change for the health and vitality of the nation’s working forests and forest-reliant communities – www.usendowment.org
Chris Mahoney, 704-595-2653,
The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. EPRI’s members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI’s principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N. Car.; Knoxville, Tenn.; and Lenox, Mass.