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Environmental Markets Context & History
Jeremy SokulskyEnvironmental IncentivesDecember 8, 2014 ACES
Environmental Markets
• Carbon/GHG• Wetland & Stream Mitigation• Water Quality Trading• Species & Biodiversity• Bundled Habitats
Species Markets in Context
4Melanie Purcell/sublettecd.com
Growth in Habitat Conservation Plans
Source: USFWS 11/14/11
1 0 0 1 0 0 0 1 1 27
12
4641
2721
35
69
4436
23
3425
5950
1914
42
9
0
10
20
30
40
50
60
70
80
Num
ber
of A
ppro
ved
HCPs
Year
“No Surprises”
Policy Final Rule
1966 - 1975
First academic articles
First species banks
1995
Fort Hood RCS andUtah Prairie Dog
HCE2005 - 2007
2003
FWS Conservation Banking Guidance
2012
LEPC and GSGHabitat Exchanges
FWS Prelist PolicyGSG Mitigation Framework
2014
History of Habitat Markets
Growth in Conservation Banks
Locations of Conservation Banks & HCPs
Source: USFWS 2/7/13
144
20382
46
15
131
8
10 2
11
141
3
4
533
1
2
2
1 1
(PR) 2
21
1
1
1137
78220
37
20
129
10
6 1
6
122
3
4
533
2
2
4
(PR) 3
33
2
3
3
1
11
2
3. Upper Green River Conservation Exchange
4. Colorado Habitat Exchange
2. Central Valley Habitat Exchange
5. Lesser Prairie Chicken Habitat Exchange
1. Mokelumne Environmental
Benefits Program
6. NC Ecosystem Enhancement
Program
7. Nevada Conservation Credit
System
Birds (Greater sage‐grouse, Lesser prairie chicken, Swainson’s Hawk, Riparian songbirds)
Water (water quality, increased flood capacity, stream mitigation)
Fish (salmon, steelhead)
LEGEND
Compliance
Pre-Compliance
Non-regulatory
Habitat Exchange Expansion
National Policy Is A-Changin’
Mitigation Order 2013 &Strategy Q2 2014
Regional Mitigation Policy Q3 2014?Handbook Q1 2015
Pre-Listed Policy Q3 2014Mitigation Policy Q4 2014? Conservation Banking Policy Q4 2014?
Near-Term Policy Deliverables from Strategy for Improving the Mitigation Policies and Practices of DOI: A Report to the Secretary of Interior, April 2014
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