Developing New Funding Mechanisms in the Nisqually
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Developing New Funding Mechanisms in the Nisqually

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Presentation Given By: David Basket & Tracy Stanton, Earth Economics

Presentation Given By: David Basket & Tracy Stanton, Earth Economics

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Developing New Funding Mechanisms in the Nisqually Presentation Transcript

  • 1. ©  2013  Earth  Economics  Developing  New  Funding  Mechanisms  in  the  Nisqually  April 19, 2013
  • 2. ©  2013  Earth  Economics  501(c)3 founded in 1998 Part  I:  About  Us  
  • 3. ©  2013  Earth  Economics  Where  We  Work  
  • 4. ©  2013  Earth  Economics  How We Work  •  Demonstrated applications: •  Watershed characterization •  Environmental Impact Assessment •  Benefit-Cost Analysis •  Funding mechanism development •  Health and human welfare valuation •  Jobs Analysis •  Incubating: •  Watershed Investment District •  No-Net-Loss Policy •  Return on Investment of Regulation •  Best-management PracticeValuation •  Ecosystem Services in the Built Environment •  Cultural and Non-MonetaryValuation •  Natural Capital Accounting •  Blue Carbon •  Floodplains by Design
  • 5. ©  2013  Earth  Economics  21st Century Washington Initiative  •  29%: Percentage of Tacoma residents who exercise in parks •  $9,644,757: Annual health cost reduction due to parks for Tacoma’sadults and seniors •  $1,127,807: Social capital value of Metro Parks Tacoma volunteers in2010 •  1 million: gallons of untreated storm water per hour into Budd Inletduring the 2007 flood event •  $50: Value of a single pollinating bee •  25,348: Acres of rare prairie habit left in Thurston County •  $247,290,005: Maximum value of increased forest buffer with ThurstonCounty’s 2012 CAO Update •  $70 million: 10 year funding mechanism for Washington State parks withthe 2011 Discovery Pass • 
  • 6. ©  2013  Earth  Economics  1913  
  • 7. ©  2013  Earth  Economics  Breaker Boys
  • 8. ©  2013  Earth  Economics  
  • 9. ©  2013  Earth  Economics  Microeconomics Macroeconomics Eartheconomics
  • 10. ©  2013  Earth  Economics  Built Capital Social Capital Human Capital Natural CapitalFour Types of Capital
  • 11. ©  2013  Earth  Economics  Loss of Natural Capital
  • 12. ©  2013  Earth  Economics  
  • 13. ©  2013  Earth  Economics  Track of Hurricane Katrina,August 23-29, 2005, showing spatial extent and storm intensity along its path (source: NOAA)
  • 14. ©  2013  Earth  Economics  
  • 15. ©  2013  Earth  Economics  IdenIfying:  Provisioners,  Beneficiaries  and  Impairments  NaIonal  Science  Grant  
  • 16. ©  2013  Earth  Economics  IdenIfying:  Provisioners,  Beneficiaries  and  Impairments  
  • 17. ©  2013  Earth  Economics  Carbon sequestration & storage
  • 18. ©  2013  Earth  Economics  Flood protection
  • 19. ©  2013  Earth  Economics  SeaPle  Public  UIliIes  
  • 20. ©  2013  Earth  Economics  
  • 21. ©  2013  Earth  Economics  Freshwater  Provisioning  Value:  $200  million  
  • 22. ©  2013  Earth  Economics  Part  II:  History  of  EE’s  Work  in  the  Watershed:  Valuing  the  Ecosystem  Services  in  the  Nisqually  
  • 23. ©  2013  Earth  Economics  hPp://en.wikipedia.org/wiki/File:Nisqually_Watershed.JPG  12  Ecosystem  Services  18  Land  Cover  types  Nisqually  Watershed  
  • 24. ©  2013  Earth  Economics  FreshwaterSupply © 2013 Earth Economics
  • 25. ©  2013  Earth  Economics  ErosionControl
  • 26. ©  2013  Earth  Economics  BiologicalControl
  • 27. ©  2013  Earth  Economics  FloodProtection http://www.ucmp.berkeley.edu/glossary/gloss5/biome/wetlands/wetlandsgallery.htm
  • 28. ©  2013  Earth  Economics  NutrientCycling http://www.plantanswers.com/Articles/DirectSeedingIntoGardenSoil.asp
  • 29. ©  2013  Earth  Economics  Carbon Sequestration © 2012 Earth Economics
  • 30. ©  2013  Earth  Economics  Soil Formation hPp://www.trekearth.com/gallery/Asia/India/North/Jammu_and_Kashmir/Gurez/photo1160427.htm  
  • 31. ©  2013  Earth  Economics  Pollination © 2012 Earth Economics
  • 32. ©  2013  Earth  Economics  WildlifeHabitat http://robinloznakphotography.blogspot.com/2010/07/northern-spotted-owl.html
  • 33. ©  2013  Earth  Economics  Aesthetic andRecreation © 2012 Earth Economics
  • 34. ©  2013  Earth  Economics  Categories  of  Ecosystem  Services  Informa4on  Func4ons  Aesthe4c  &  Recrea4on  Cultural  &  ar4s4c  Science  &  educa4on  Habitat  Func4ons  Wildlife  Habitat  Nursery  Provision  Func4ons  Water  supply  Drinking  Water  Purifica4on  Food  Raw  materials  Gene4c  resources  Medicinal  resources  Ornamental  resources  Regula4on  Func4ons  Climate  Stability  Gas  Regula4on  Flood  Protec4on  Storm  Protec4on  Water  Regula4on  Soil  Erosion  Control  Soil  Forma4on  Nutrient  Cycling  Waste  Treatment  Pollina4on  Biological  Control  Provision  Func4ons  Water  supply  Drinking  Water  Purifica4on  Food  Raw  materials  Gene4c  resources  Medicinal  resources  Ornamental  resources  Informa4on  Func4ons  Aesthe4c  &  Recrea4on  Cultural  &  ar4s4c  Science  &  educa4on  Regula4on  Func4ons  Climate  Stability  Gas  Regula4on  Flood  Protec4on  Storm  Protec4on  Water  Regula4on  Soil  Erosion  Control  Soil  Forma4on  Nutrient  Cycling  Waste  Treatment  Pollina4on  Biological  Control  Habitat  Func4ons  Wildlife  Habitat  Nursery  
  • 35. ©  2013  Earth  Economics  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
  • 36. ©  2013  Earth  Economics  ES  in  Nisqually  Report-­‐2009  High  $280  million  Low  $4.1  Billion  In yearly benefits
  • 37. ©  2013  Earth  Economics  Part  III:  From  ValuaIon  to  Funding  Mechanisms  in  the  Nisqually  
  • 38. ©  2013  Earth  Economics  Copyright © 2011 Earth Economics Applying  Ecosystem  Services  Identify Value Model andMap Analyze Fund What? Why? Result
  • 39. ©  2013  Earth  Economics  Copyright © 2011 Earth Economics Stakeholders  Identify Value Model andMap Analyze Fund Watershed  Managers  UIliIes  Standards  Boards  Farmers  Government  Agencies  Business  Interests  Academic  InsItuIons  Rural  Landowners  NGOs  Urban  Residents  Tribes  
  • 40. ©  2013  Earth  Economics  Categories  of  Funding  Mechanisms  1.  Investment  in  Watershed  Services  (Payments  for  Ecosystem  Services)  2.  Regulatory  Markets:  trading,  offset  markets,  miIgaIon  banking  3.  Special  Fees:  assessed  by  Park  Service  in  Mt.  Rainier  NaIonal  Park  4.  Taxes  5.  Watershed  Investment  District  6.  ConservaIon  Easements  &  Tradable  Development  Rights  
  • 41. ©  2013  Earth  Economics  Categories  of  Funding  Mechanisms  7.  Loans:  State  Revolving  Loans  (low  interest)    8.  Grants  (from  Government,  NGOs,  Private  FoundaIons)  9.  Special  Purpose  Districts  (water,  conservaIon)  10.  Special  Purpose  Funds  (Eugene,  OR-­‐  Watershed  Investment  Fund)  11.  Voluntary  Offsets  (carbon,  in  stream  water  rights,  stormwater)  
  • 42. ©  2013  Earth  Economics  Overview  of  Project  Secure sufficient funding for the full implementation of theNisqually Salmon Recovery Plan. hPp://www.wetlandsplendors.com/porlolio/allegheny-­‐river-­‐clearing-­‐storm-­‐2/  
  • 43. ©  2013  Earth  Economics  Goals  and  Outcomes  1.  IdenIfy  3-­‐5  potenIal  funding  mechanisms;  provide  an        overview  of  economic  benefits  to  residents,  ciIes  and  private  firms  2.  Stakeholder  engagement  3.  Evaluate  different  funding  mechanisms  based  on  specific  need,  implemenIng  one  of  these  within  a  year  
  • 44. ©  2013  Earth  Economics  QuesIons  to  address…  1.  How  much  funding  is  needed?  2.  How  much  funding  is  dedicated  to  habitat  restoraIon  annually?    3.  Verify  the  scale  of  implementaIon  for  the  funding  mechanism  (whole  watershed  or  sub-­‐watershed).  4.  Note:  one  FM  should  be  able  to  be  implemented  within  one  year  of  compleIon  of  the  project.    
  • 45. ©  2013  Earth  Economics  PotenIal  Funding  Mechanisms  for  Nisqually  1.  Watershed  ProtecIon  Charge  (Driven  by  water  uIlity)  2.  ApplicaIon  of  special  fee  (Collected  upon  entrance  to  Mt.  Rainier  NaIonal  Park)  3.  Tacoma  Power  4.  Watershed  Investment  District  (WID)  5.  Joint  Base  Lewis  McCord  6.  Per  parcel  property  tax  (i.e.  70,000  x  $30  =  $2,100,000)  
  • 46. ©  2013  Earth  Economics  dbatker@eartheconomics.org  tstanton@eartheconomics.org