In the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.
Read MoreMany argue that the Burning Man festival has become an exclusive and wasteful indulgence for the wealthy - an opinion that was exacerbated this year when thousands of perfectly good bicycles were left among the debris in the desert. But a few enterprising individuals and organizations saw an opportunity to aid the victims of hurricanes Irma and Maria by rescuing, fixing, and transporting the abandoned bikes to communities where many people had lost all other forms of transportation, stifling their recovery efforts. Now hope is being restored for some, two wheels at a time.
Read MoreRefugio, Texas was ravaged by Hurricane Harvey, leaving behind damaged houses, schools and businesses and people who can not afford to rebuild their lives. However, this town has used its community and found strength in their love of football and their support of one another to keep moving forward.
Read MoreThousands of researchers across the world have been displaced by war. They struggle to resume their work as refugees in a foreign country. Yet, numerous organizations are trying to help at risk scholars by offering fellowships to help them continue their work.
Read MoreWhen disaster strikes, ordinary citizens are often the first people on the scene. Bangladesh is helping people prepare for emergencies by offering free three-day trainings in search and rescue techniques, first aid, and other skills. The program reached roughly 30,000 people in the first four years, but keeping it funded is a challenge.
Read MoreIn Costa Rica, a group of volunteer firefighters use donated equipment, gear, and their own cell phones to fill in a big gap in emergency services. More residents are now accustomed to calling them directly for fires and other emergencies, and the community supports them financially. The firefighters are trying to integrate their work into the country's emergency alert system and to build their own fire station.
Read MoreFEMA’s response to Puerto Rico post-Hurricane Irma has been the “longest sustained domestic airborne food and water mission in the nation’s history. The agency has never distributed more food or installed more generators.” However, due to bureaucracy and delayed decision making, there are still thousands of Puerto Ricans who have not received aid, or were underserved.
Read MoreSolar power is a great advancement for renewable energy, but traditionally relies on connecting to a grid in order to function correctly. So when hurricanes hit Puerto Rico, even those with solar panels lost access to electricity. A micro-grid offers an alternative solution, however, by relying on battery power.
Read MoreIn countries like Cambodia, Angola, and Mozambique, rats are saving lives by detecting untriggered land mines. An international nonprofit, Apopo, provides funding a training and works with local organizations to operate at the local level. The rats are light enough that they don’t trigger the explosives and can cover up to 2,000 square feet in just 20 minutes – something that would take a human up to four days to complete.
Read MoreAs the cost of fighting wildfires rises and the number of firefighters declines, Arizona found a solution: paying incarcerated men and women to do the same job for just five percent of the standard rate for firefighting. Arizona’s Inmate Wildfire Program, while fundamentally exploitative, is seemingly more complex. Those that go through the program find a sense of meaning and are given the opportunity to learn leadership and teamwork skills – things they can translate in life upon release.
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