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Ecosystem Marketplace, Marketplace Mitigation Mail

May 3, 2010    

From the Editors

The Ecosystem Marketplace's Mitigation Mail
Conservation and Wetland News You Can Bank On

Ecosystem Marketplace is pleased to announce the new SpeciesBanking.com pilot registry , a collaborative project with Markit Environmental Registry to bring existing credit tracking technology from other markets to bear on the conservation banking industry.  The registry aims to improve transparency, facilitate market transactions, and ensure no double-dipping of environmental credits.  If you're among the majority and still scratching your head about the concepts of "stacking" ecosystem services , Ecosystem Marketplace braves the weeds to give you the skinny in a recent feature article.

On the international front, the Convention on Biological Diversity will be releasing their third 'Global Biodiversity Outlook' report on May 10th.  Don't expect glowing news, as a recent report on biodiversity indicators yet again notes that 2010 international promises to slow/halt biodiversity loss won't be met.  Yeah, we know.  But don't hang your head too low, the International Day of Biodiversity falls on the 22nd of May -- expect to see events around the world highlighting biodiversity issues.  

The biodiversity-themed conference schedule is heating up.  Ecosystem Marketplace will be reporting from the annual [US] National Mitigation and Ecosystem Banking Conference from May 3-6, as well as the 3rd Annual [US] Ecosystem Markets conference from June 23-24.  Outside of the US, all eyes are on the Convention on Biological Diversity (CBD).  The Working Group on Review of Implementation (WGRI) of the CBD is meeting in Nairobi in late-May -- this promises to be the meeting where the 'real work' happens prior to the CBD COP10 in Nagoya in October.

Finally, Katoomba XVII is scheduled for June 23-24 in Hanoi Vietnam to discuss the latest on Payments for Ecosystem Services in Southeast Asia.

It's a light month in biodiversity news, but read on for a summary of the latest!

—The Ecosystem Marketplace Team

If you have comments or would like to submit news stories, write to us at mitmail@ecosystemmarketplace.com.


News

Asian Environmentalists to Explore Ecosystem Markets at Katoomba XVII

Cash-strapped governments around the world are experimenting with market-based schemes to preserve nature by recognizing its economic value.  In June, Hanoi will host the 17th Katoomba Meeting to explore the role that ecosystem markets can play in Southeast Asia.

  – Follow Katoomba XVII online

 
It's not Easy Turning High Environmental Value into High Economic Value

Common sense would seem to dictate that land generating the greatest environmental good should also command the highest price in the ecosystem marketplace, and that one way to do that might be to let people stack different ecosystem values on the same patch of land.  In the real world, however, such schemes are proving difficult to construct -- as mitigation bankers are learning at this week's National Mitigation & Banking Conference in Austin, Texas.

  – Read the Ecosystem Marketplace article

 
Events

National Mitigation Banking Association Conference May 3-6, 2010 Austin, TX, USA

Working Group on Review of Implementation of the CBD May 24-28, United Nations Complex, Gigiri, Nairobi  

The Working Group on Review of Implementation (WGRI) of the Convention on Biological Diversity considers progress in the implementation of the Convention, its Strategic Plan and achievements leading up to the 2010 target.  It will make recommendations for the CBD Parties to consider at COP10 in October (see below).  WGRI3 will be held in Nairobi, Kenya from 24 to 28 May 2010, back-to-back with the fourteenth meeting of the Subsidiary Body on Scientific, Technical and Technological Advice (SBSTTA).  Biodiversity offsets will be discussed under two agenda items:  Engagement of business (see UNEP/CBD/WG-RI/3/2/ADD2) and Policy Options Concerning Innovative Financial Mechanisms (see UNEP/CBD/WG-RI/3/8). There will also be a side event, led by BBOP, offering training on biodiversity offsets on Monday 24 May at 1:15pm.  The documents are available here .

European Commission's Green Week Conference   June 1-4, Brussels, Belgium

This year, the largest annual conference on European environment policy turns the spotlight on biodiversity. Over some 30 sessions, the conference will address the state of biodiversity and nature in Europe and the world, the benefits they bring, present-day pressures on them, and possible solutions to the current rates of loss. The path to be taken by EU policies on biodiversity and nature policies post-2010, the economic dimension of biodiversity, ecosystem services and Natura 2000 will also be investigated.


These are some of the many questions Green Week 2010 will examine in three days of discussion and debate between high-level speakers from Europe and beyond. The development of market-based instruments to manage the biodiversity footprint of businesses will be one of the debate topics for the special European Policy Summit Pricing the Earth organised by Friends of Europe on 1-2 June as part of the Commission’s annual Green Week.
Click here for more information.

The 3rd Annual Ecosystem Markets Conference June 23-24, 2010, Raleigh-Durham, NC, USA

Using markets to protect and restore ecosystems -- and the many services they provide -- is gradually becoming a reality. But what are the critical elements for success? What progress has been made? What still needs to be done? What are the remaining challenges?

At this 3rd annual national conference, presented by the American Forest Foundation and World Resources Institute, you will hear from national and regional experts, innovators, and hands-on users of these evolving market models in a dialogue about:

  • Recent progress in developing markets
  • What transactions can be done now
  • Strategies for scaling markets
  • How these markets will affect family forests and other landowners
  • How state and regional efforts can merge into a common model

Click here for the Agenda

Vietnam: Katoomba XVII - Taking the Lead: Payments for Ecosystem Services in Southeast Asia Hanoi, Vietnam June 23-24, 2010

Throughout Southeast Asia, there is increasing regional interest in market-based conservation strategies, including payments for ecosystem services (PES). While a number of projects are underway, PES in the Southeast Asia region primarily occurs on an ad hoc basis through small-scale pilot projects. However, information, capacity to design and manage PES deals, and institutions to support on-the-ground implementation are often lacking and have hindered efforts to scale up.

In response to these questions and challenges, the 2010 South East Asia Katoomba Group meeting offers a unique opportunity to further develop:

  • REDD readiness strategies including post-COP15 discussions on national-level REDD systems, international, regional and national experience, investor and other stakeholder engagement, pilot demonstration sites, capacity building / training needs, and research agendas; and
  • Payment for Watershed Services
  • Payment for Marine Ecosystem services throughout the region, by exploring how climate change adaptation strategies can be complemented by mitigation measures and revenues from carbon credits; and identifying buyers for a range of marine ecosystem services.
  • Biodiversity Markets and Market-like Structures

1st Global Business Of Biodiversity Symposium: Managing business risk, releasing opportunity London, England, July 13-14th 2010

The First Global Business of Biodiversity Symposium (GBOB) has been established with the endorsement of the UK Government, the European Union and the Convention on Biological Diversity Secretariat.  The Global Business of Biodiversity Symposium will be a meeting place for Government, Business and NGOs operating across all industrial sectors. Delegates will gain insight into emerging issues and policy trends linked to the rapid global decline in biodiversity and ecosystem services and their implications for business.

The conference will demonstrate to business how it is impossible to address climate change, water scarcity and human rights without considering biodiversity. It will inform dialogue and debate in the run up to the tenth Conference of the Parties of the Convention on Biological Diversity in Nagoya, Japan. It will provide business with the first opportunity to hear the results of, and respond to, the first global review of 'The Economics of Ecosystems and Biodiversity' synthesis for business (TEEB D3).

World Water Week September 5-11Stockholm, Sweden

Tenth meeting of the Conference of the Parties to the Convention on Biological Diversity (COP 10) 18 - 29 October 2010, Nagoya, Aichi Prefecture, Japan

In the International Year of Biodiversity, and taking stock of the 2010 target, the tenth meeting of the Conference of the Parties (COP 10) of the Convention on Biological Diversity will evaluate progress with implementation of the Convention. Negotiations on an international regime on access and benefit-sharing are still underway, and an anticipated result of COP10 is the adoption of an instrument on Access and Benefit-Sharing.
Other issues for consideration:

  • Inland waters biodiversity
  • Marine and coastal biodiversity
  • Mountain biodiversity
  • Protected areas
  • Sustainable use of biodiversity
  • Biodiversity and climate change

ACES: A Community on Ecosystem Services 2010 Conference December 6-9, 2010 Phoenix, AZ, USA

 
 
Mitigation News  
What to Get a Corporation Who Has Everything? Their Very Own Species. Or a National Park.

The Jakarta Globe (4/7/2010)
Government of Singapore Press Release (4/21/2010)


Here's a new way to finance species conservation...auction off the name of newly discovered species.  One species-naming charity event raised over $2 million, giving philanthropists and corporations naming rights and giving organizations like the Indonesian Institute of Science funds to train new marine taxonomists.

In Singapore, the corporation Sembcorp Industries has gotten their name associated with a National Park.  Sembcorp recently committed $1 million over five years to the Sembcorp Forest of Giants, a new 76-hectare national park.

  – Read species-naming article here
  – Read Sembcorp Forest of Giants press release here

 
Biodiversity Indicators Prove 2010 CBD Biodiversity Goals will not be Met

Biodiversity Indicators Partnership press release (4/29/2010)

Yet another announcement that the international promises to slow the loss of biodiversity (Convention on Biological Diversity 2010 goals) will not be met.  This time, research findings compiled over 30 indicators.  The research was an effort by a partnership between the UNEP World Conservation Monitoring Centre and over 40 organizations working on monitoring indicators of biodiversity.  Results were published recently in the journal Science.

  – Read the press release
  – Read the Science journal article

 
New Chinese Network on Sustainable Palm Oil

EcoAgriculture Partners newsletter (4/15/2010)

Hat tip to EcoAgriculture Partners' April 15 newsletter . The China network on Sustainable Palm Oil was formally initiated during the 2nd Meeting of Statement of Support signatories and stakeholders on 27 October, 2009 in Beijing. It is a China initiative sponsored by the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-Products (CFNA) and World Wildlife Fund (WWF) China but it is expected that leadership will be taken over by a Chinese industry player.

This action-oriented informal network includes all stakeholders, including relevant government agencies. The two main objectives of the Network are to: support the promotion, procurement and use of sustainable palm oil in China, and to support the production of sustainable palm oil through any investments in producing countries that are consistent with the principles for sustainable palm oil production, national laws and China's guidelines for sustainable agriculture.

  – For more information

 
Washington State Mitigation Banking Regulator Investigated in Ethics Charges

Columbian.com (4/8/2010)

A former Washington Department of Fish and Wildlife employee involved in permitting wind farm development is being investigated on ethics charges related to habitat mitigation.  Apparently, permitting from his regulating duties became tangled with a personal non-profit mitigation provisioning organization.  "Investigators said [William] Weiler's former job with the Washington Department of Fish and Wildlife gave him "prior knowledge" of proposed wind farms and their impact on wildlife habitat. They said he used that information to convince energy companies to propose mitigation projects that benefited his institute [the Columbia Gorge Ecology Institute] -- including projects on wetlands owned by the institute -- in exchange for WDFW's support for the wind projects."

  – Read article here

 
Promoting Biodiversity Co-Benefits in REDD

By Katia Karousakis

This report examines how biodiversity co-benefits in REDD can be enhanced, at both the design and implementation level. It discusses potential biodiversity implications of different REDD design options that have been put forward in the international climate change negotiations and proceeds by examining how the creation of additional biodiversity-specific incentives could be used to complement a REDD mechanism, so as to target biodiversity benefits directly.

  – Download the report

 
REDD Realities: How strategies to reduce emissions from deforestation and forest degradation could impact on biodiversity and Indigenous Peoples in developing countries

Global Forest Coalition

A new publication by the Global Forest Coalition, "REDD Realities: How Strategies to Reduce Emissions from Deforestation and Forest Degradation could impact on Biodiversity and Indigenous Peoples in Developing Countries" takes a detailed look at the treatment of indigenous people and biodiversity issues in REDD talks using case studies in nine different countries.  A list of seven key concerns points to the general conclusion that the REDD debate must account for policy coherence with respect to the main legally binding agreements related to forests and human rights, including Article 4.1 of the UNFCCC, the Convention on Biological Diversity, and the UN Declaration on the Rights of Indigenous People (UNDRIP).


Click here for more information about the Global Forest Coalition and its activities.

  – Download the report in English
  – Télécharger le rapport en Francais
  – Bajar el reportaje en Español

 

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Tenth meeting of the Conference of the Parties (COP 10)
10/18/2010 - 10/18/2010

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