Fresh Water News, by Jerd Smith, January 18, 2023
A Colorado nonprofit is one of three winners of the national Colorado River Basin Water Scarcity Challenge, a philanthropic initiative to spur creative solutions to water shortages in the crisis-ridden, seven-state Colorado River system.
The Denver-based Colorado Water Trust will spend the next year working with Quantified Ventures developing new models for securing funds and identifying valuable water rights that can be used to help restore riparian areas, aid streams and maintain agricultural water uses.
Founded in 2002, the Colorado Water Trust partners with existing entities, such as the Colorado Water Conservation Board, as well as environmental and farm groups, to acquire or lease water rights, keeping that water in the streams to stretch the amount of water available for fish and the environment, irrigators and industry even during dry times.
Quantified Ventures is a finance and consulting company that specializes in developing sustainable solutions to environmental problems.
Across the American West, water users, government agencies, regulators and environmental groups are scrambling to find ways to save the river. Crippled by a megadrought thought to be the worst in 1,200 years, and shifts in climate that are reducing the mountain snows on which it relies, the river system is on the brink of collapse.
The Colorado River Basin Scarcity Challenge is funded by a $500,000 donation from the Gates Family Foundation and the Walton Family Foundation, according to Quantified Ventures spokesman Matt Lindsay. [Editor’s note: Fresh Water News is an initiative of Water Education Colorado which receives support from the Gates and Walton foundations.] Winners were announced Jan. 12.
“The Colorado River is facing an unprecedented crisis that requires innovative thinking and investment at an equally historic scale,” said Morgan Snyder, in a prepared statement. Snyder is senior program officer for the Walton Family Foundation Environment Program. “Projects like these that move past outdated systems and instead find new ways to conserve, adapt, and become more resilient are essential to ensure a sustainable water supply for the millions who depend on the river.”
Kate Ryan, a senior attorney at the Colorado Water Trust, said winning the scarcity challenge will help her organization develop new relationships in the finance world and find ways to move more quickly in an arena in which deals can take years to finalize, allowing the water trust to accomplish more.
“This will allow us to become more nimble and potentially to meet new investors,” Ryan said. “We will also be looking at strategies for using water for additional sources of revenue, such as remarketing it downstream in a way that is complementary to our project partners. It will also help us recoup investment and turn that into operating revenue, or for funding new acquisitions or leases of water.”
The Tucson, Arizona-based Watershed Management Group is another winner. The Watershed Management Group will work with Quantified Ventures to develop new “green” infrastructure to improve the health of Tucson’s groundwater system, among other projects, with the goal of using less Colorado River water, according to Watershed Management Group’s Catlow Shipek.
“Our goal is to build hydro local resilience to reduce our dependence on Colorado River supplies,” Shipek said. “The idea is how do we restore our watershed but not at the expense of another watershed.”
The third winner, Ndrip, will use Quantified Ventures to evaluate how to increase the scale of its drip irrigation systems on tribal lands throughout the Colorado River Basin. Unlike other drip irrigation systems, Ndrip uses existing water distribution systems on farms and is gravity-based. These features help offset the high capital costs of more traditional drip irrigation systems, according to Ndrip’s website.
Ndrip, which has offices in Australia, Israel, South Africa and the U.S., could not be reached for comment.
Each of the scarcity challenge winners will spend roughly the next year with Quantified Ventures developing new solutions that will help improve the sustainability of the Colorado River system.
By Jerd Smith
Fresh Water News