Fisheries Compensation Program

With a growing investment in renewable energy and the development of offshore wind energy systems, there is a recognizable need to offset potential losses and/or costs incurred by the surrounding fishing industries with mitigation measures, including financial compensation. The eleven states along the Northeastern and Mid-Atlantic Seaboard (Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Delaware, Maryland, Virginia, and North Carolina) began an initiative to create a compensatory fund for financial loss incurred because of the development of offshore wind.

Through a competitively bid RFP process, BrownGreer in partnership with the Carbon Trust were selected to be the Regional Fund Administrator (RFA), the third-party independent entity to design and develop this regional fund.

A press release was issued in November 2024 regarding the announcement of their selection.