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