Sally Collins, Director, US Department of Agriculture, Office of Ecosystem Services, spoke during the Tuesday (10 November) WILD9 plenary on payments for ecosystem services.
Ecosystem Services and Markets: Towards an investment strategy for conservatoin, Sally Collins
1. Sally Collins USA Servicios y mercados ambientales: Rumbo a una estrategia de inversi ón Para la conservación
2. Investments in ecosystem protection can be a more cost-effective alternative to building new, or improving existing infrastructure designed to meet the same societal goals. In northwestern Oregon, a local wastewater facility is paying upstream landowners to plant shade trees along the Tualatin River. Instead of installing refrigeration systems at two treatment plants—a $35 million expense with additional annual operating costs—the water utility is investing $6 million in direct landowner incentives to achieve the same water quality goals. natural infrastructure built infrastructure
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5. Carbon markets in the U.S. Two components to the voluntary carbon market: OTC carbon (44 % market share 2008) – project-based transactions Voluntary carbon markets nearly doubled in 2008… 123 million metric tons CO 2 e worth $705 million Potential regulatory drivers of cap-and-trade with GHG offsets California’s Global Warming Solutions Act (AB 32) Federal Waxman-Markey climate and energy bill (HR 2454)
6. The portfolio approach to forest management… MULTIPLE STREAMS REVENUE + + + + woody biomass alternative energy green products: eco-labeling traditional products: food and fiber species habitat standing carbon water quality/wetlands Ecosystem Markets:
7. A FARM of the FUTURE… Source: Scientific American 2005
9. The Office of Ecosystem Services and Markets … to help build a more unified, transparent market system where landowners can actively participate in emerging markets, and where investors can trust that they’re purchasing a real conservation benefit. making markets work for conservation Farm Bill 2008: section 2709
10. Is it RIGHT to use it for conservation? So what about the MARKET… AND Are we out of our minds?!
11. The truth is that the virtues that all of us here admire most and the virtues that make society flourish – hard work, taking responsibility, being honest, being enterprising, being fair – these are not the values that spring from the market. These are the values we bring to the market. They don’t come from market forces. They come from our hearts. Prime Minister Gordon Brown St. Paul’s Cathedral April 2009
OESM | November 2009 What is compelling about these makrets is the opportunities they present to divsersify income streams for landowners, and like an ecosytem, diversitfication can create resiliency, something anyone in the market wants today.
OESM | November 2009 OESM | 6 August 2009
OESM | 6 August 2009
OESM | November 2009
You might be asking, how could anyone in their right mind have faith in market forces…especially now. we are, after all, in the midst of one of the graver market failures since the great depression. At the same time, you all in all of your respective states, facing enormous financial challenges, and just getting the basic work done…nevermind anything new and different that takes time and skilled people you don’t have…. We are right to be suspicious of markets… But then I heard – almost at the same time I was having doubts about this, Gordon Moore speak>>>
I loved the way Gordon Brown spoke of this in a speech he gave at the big economic summit in Europe this past April. He said this: “The truth is that the virtues that all of us here admire most and the virtues that make society flourish -- hard work, taking responsibility, being honest, being enterprising, being fair ‑‑ these are not the values that spring from the market. These are the values we bring to the market. They don’t come from market forces. They come from our hearts.” The opportunities presented to us for an infusion of new money into Forestry by a federal climate bill are enormous, and we are going to have to work hard to capture these in a way that works for landowners and the land. Who better to design conservation markets than those who love and value conservation. We won’t get it right, everytime, but if we bring to it our values that we come to these professions with, we will be a significant way—addressing the conservation challenges of the next century.