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Vol. 3, No. 8: July 24, 2008

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The Ecosystem Marketplace's Mitigation Mail
Conservation and Wetland News You Can Bank On
This month has seen a good deal of biodiversity offset activity in the international arena.
First, the Business and Biodiversity Offsets Program (BBOP) is now soliciting input, via an on-line consultation process, on their draft principles and biodiversity offsets methodology toolkit. BBOP’s goal is to make biodiversity offsets a standard part of business practice for companies with a significant impact on biodiversity. To achieve this goal BBOP is developing, testing, and disseminating best practice on biodiversity offsets. In total, ten documents will be posted for public consultation. Each document will be open for review and commenting for six weeks. Half of the papers are already posted, and the remainder will be available in the next few weeks.
The US species and wetland mitigation banking industry has both a lot to contribute and to learn from this international compensatory mitigation framework. To learn more about participating in the process, click here. And to learn more about BBOP in general, click here.
There has also been some recent discussion about how the carbon and biodiversity markets might interact.
One recent article in Conservation Biology proposes combining the markets so investors can “…reap the dual benefits of carbon and biodiversity credits from one parcel of land.” This proposal is a response to current concerns that approaches to carbon emissions offsetting create an incentive for investment in monoculture plantations.
Another study from a team of US universities concludes: "…if you want to conserve species, that policy might not be compatible with carbon sequestration, [and] if you want to get carbon out of the atmosphere, it's not clear that will be good for species."
For more on this topic and others read below.
—The Ecosystem Marketplace Team
If you have comments or would like to submit news stories, write to us at mitmail@ecosystemmarketplace.com.
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Ecotourism and sustainable trophy hunting have delivered verifiable conservation benefits in parts of Africa, but scaling up has proven difficult. Now, an innovative pilot scheme in Tanzania is trying an alternative approach: paying communities directly to protect wildlife habitats. The Ecosystem Marketplace examines this promising new model for wildlife conservation. First in a Series
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Ducks Unlimited has restored more than ten million acres of natural habitat, creating carbon sinks that capture untold millions of tons of carbon every year. The Ecosystem Marketplace examines DU's latest effort to harvest those carbon credits and perhaps blend them with biodiversity offsets to restore one of North America's most important and endangered bird habitats — and with it a peculiar geological legacy of the Ice Age.
Go to Article
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Group aims to revive salamander strategy (7/21/08)
“A novel private-public effort to restore California tiger salamander and other protected species in a large area of central Sonoma County and allow for some construction may be coming out of hibernation less than a month after the seven-year effort was nearly dead for lack of public funds and uncertainty about the regulatory outcome.”
Read the article in the Santa Rosa Press Democrat - Santa Rosa CA, USA
An island of colliding visions (7/21/08)
The Port of Portland is looking to build a marine cargo terminal on what, until now, has been a wild part of Hayden Island in the Colombia River. The Port is running into strong opposition from neighbors and environmentalists wanting to protect that end of the island in its entirety. Some neighbors have suggested placing the property in a mitigation bank.
Read story in The Columbian - Vancouver WA, USA
$33 million Pepper Ranch purchase gets panel’s support (7/14/08)
Collier County’s conservation council unanimously supports the purchase of Pepper Ranch for environmental preservation. The 2,500-acre tract would be the program’s biggest purchase, at $33.2 million. An option the County is aware of is using the property as a mitigation bank to meet state and federal environmental permitting requirements for road and utility projects.
Read story in the Naples Daily News - Naples, FL, USA
Maine Seeks Pre-Approval for Wetlands Destruction (7/10/08)
According to regulatory comments filed by Public Employees for Environmental Responsibility (PEER), the Maine Department of Transportation’s (DOT) proposed “Umbrella Mitigation Bank Prospectus” would permit destruction of wetlands and not replace them with wetlands preservation or creation of equal quality. Their overarching concern is that wetland mitigation fails more often than not. Read press release here
Read story in PEER Press Release - Portland, ME, USA
Mitigation bank plan may spur development (7/9/08)
Until now, developing unused land in Douglas County, OR has been nearly impossible. Because of an abundance of wetlands and very little land is available for off-site mitigation, companies interested in setting up shop in the county have gone elsewhere. But since December 2006, Roseburg’s Economic Development Commission has been working with a consultant to explore possible wetland mitigation bank sites. Eight have been identified.
Read story in NRToday.com - Roseburg, OR, USA
Incentives For Carbon Sequestration May Not Protect Species (7/9/08)
"The main thing we found is that if you want to conserve species, that policy might not be compatible with carbon sequestration," said co-author Andrew Plantinga, a professor in the Department of Agricultural and Resource Economics at Oregon State University. "On the other hand, if you want to get carbon out of the atmosphere, it's not clear that will be good for species."
Read story in ScienceDaily
Using Carbon Investment to Grow the Biodiversity Bank (6/30/08)
A recent article in Conservation Biology - Using Carbon Investment to Grow the Biodiversity Bank (Bekesy and Wintle 2008) – proposes combining the markets for carbon and biodiversity. The authors suggest that “...investors should be allowed to reap the dual benefits of carbon and biodiversity credits from one parcel of land and those credits could later be traded on the relevant markets.” This proposal is a response to current concerns that approaches to carbon emissions offsetting create an incentive for investment in monoculture plantations.
Read story in eianzecology.blogspot.com – New South Wales, Australia
Wetland worries gain attention (6/30/08)
The Washington Department of Ecology is seeking advice from farmers and the public about its new draft rule on wetland mitigation banks. Many Washington farmers say the banks are a land grab that threatens agriculture's critical land mass. Once they have assembled sufficient information, the department plans to make revisions and then publish the proposed rules for public comment – probably in November.
Read story in Capital Press - Salem, OR, USA
Swamp swap: Corkscrew's ‘perfect deal’ (6/27/08)
Corkscrew Swamp Sanctuary recently gave 1,280 acres of its surplus land to the South Florida Water Management District in exchange for two parcels that boarder the sanctuary. The two parcels, 640 acres and 480 acres, will be restored as a mitigation bank. The properties, which are adjacent to the Panther Island Mitigation Bank, were wetlands that were cleared for agriculture in the 1970s. The district plans to put trails on the 1,280 acres that it gained.
Read story in News-Press.com – Fort Myers, Florida, USA and here
Wetland restoration considered in Eagle Point, Oregon (6/27/08)
Wildlands Inc., of Rocklin, California, has proposed setting aside 266 acres in Eagle Point for conservation and restoration of wetlands. The property is part of the Agate Desert and home to federally listed threatened vernal pool fairy shrimp and other rare species. With permit applications pending with the Oregon Department of State Lands and the US Army Corps of Engineers, Wildlands hope to get permitting for their Rogue Valley Mitigation Bank by early 2009.
Read story in MailTribune.com - Medford, OR, USA
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