©	  2013	  Earth	  Economics	  Developing	  New	  Funding	  Mechanisms	  in	  the	  Nisqually	  April 19, 2013
©	  2013	  Earth	  Economics	  501(c)3 founded in 1998	Part	  I:	  About	  Us	  
©	  2013	  Earth	  Economics	  Where	  We	  Work	  
©	  2013	  Earth	  Economics	  How We Work	  •  Demonstrated applications: 	•  Watershed characterization	•  Environmental...
©	  2013	  Earth	  Economics	  21st Century Washington Initiative	  •  29%: Percentage of Tacoma residents who exercise in...
©	  2013	  Earth	  Economics	  1913	  
©	  2013	  Earth	  Economics	  Breaker Boys
©	  2013	  Earth	  Economics	  
©	  2013	  Earth	  Economics	  Microeconomics	Macroeconomics	Eartheconomics
©	  2013	  Earth	  Economics	  Built Capital Social Capital Human Capital Natural CapitalFour Types of Capital
©	  2013	  Earth	  Economics	  Loss of Natural Capital
©	  2013	  Earth	  Economics	  
©	  2013	  Earth	  Economics	  Track of Hurricane Katrina,August 23-29, 2005, showing spatial extent and storm intensity a...
©	  2013	  Earth	  Economics	  
©	  2013	  Earth	  Economics	  IdenIfying:	  Provisioners,	  Beneficiaries	  and	  Impairments	  NaIonal	  Science	  Grant	  
©	  2013	  Earth	  Economics	  IdenIfying:	  Provisioners,	  Beneficiaries	  and	  Impairments	  
©	  2013	  Earth	  Economics	  Carbon sequestration  storage
©	  2013	  Earth	  Economics	  Flood protection
©	  2013	  Earth	  Economics	  SeaPle	  Public	  UIliIes	  
©	  2013	  Earth	  Economics	  
©	  2013	  Earth	  Economics	  Freshwater	  Provisioning	  Value:	  $200	  million	  
©	  2013	  Earth	  Economics	  Part	  II:	  History	  of	  EE’s	  Work	  in	  the	  Watershed:	  Valuing	  the	  Ecosystem...
©	  2013	  Earth	  Economics	  hPp://en.wikipedia.org/wiki/File:Nisqually_Watershed.JPG	  12	  Ecosystem	  Services	  18	 ...
©	  2013	  Earth	  Economics	  FreshwaterSupply	© 2013 Earth Economics
©	  2013	  Earth	  Economics	  ErosionControl
©	  2013	  Earth	  Economics	  BiologicalControl
©	  2013	  Earth	  Economics	  FloodProtection	http://www.ucmp.berkeley.edu/glossary/gloss5/biome/wetlands/wetlandsgallery...
©	  2013	  Earth	  Economics	  NutrientCycling	http://www.plantanswers.com/Articles/DirectSeedingIntoGardenSoil.asp
©	  2013	  Earth	  Economics	  Carbon	Sequestration	© 2012 Earth Economics
©	  2013	  Earth	  Economics	  Soil Formation	hPp://www.trekearth.com/gallery/Asia/India/North/Jammu_and_Kashmir/Gurez/pho...
©	  2013	  Earth	  Economics	  Pollination	© 2012 Earth Economics
©	  2013	  Earth	  Economics	  WildlifeHabitat	http://robinloznakphotography.blogspot.com/2010/07/northern-spotted-owl.html
©	  2013	  Earth	  Economics	  Aesthetic andRecreation	© 2012 Earth Economics
©	  2013	  Earth	  Economics	  Categories	  of	  Ecosystem	  Services	  Informa4on	  Func4ons	  Aesthe4c	  	  Recrea4on	  ...
©	  2013	  Earth	  Economics	  !! #$%#()! ! *+,)-!#.+/!*01#()!!.+/!*01! $%2! 3+4!! 5678! 3+4!! 5678!#$%!($)*+! ,-./01! 234...
©	  2013	  Earth	  Economics	  ES	  in	  Nisqually	  Report-­‐2009	  High	  $280	  million	  Low	  $4.1	  Billion	  In yea...
©	  2013	  Earth	  Economics	  Part	  III:	  From	  ValuaIon	  to	  Funding	  Mechanisms	  in	  the	  Nisqually	  
©	  2013	  Earth	  Economics	  Copyright © 2011 Earth Economics	Applying	  Ecosystem	  Services	  Identify	 Value	Model an...
©	  2013	  Earth	  Economics	  Copyright © 2011 Earth Economics	Stakeholders	  Identify	 Value	Model andMap	Analyze	 Fund	...
©	  2013	  Earth	  Economics	  Categories	  of	  Funding	  Mechanisms	  1.	  Investment	  in	  Watershed	  Services	  (Pay...
©	  2013	  Earth	  Economics	  Categories	  of	  Funding	  Mechanisms	  7.	  Loans:	  State	  Revolving	  Loans	  (low	  i...
©	  2013	  Earth	  Economics	  Overview	  of	  Project	  Secure sufficient funding for the full implementation of theNisqua...
©	  2013	  Earth	  Economics	  Goals	  and	  Outcomes	  1.	  IdenIfy	  3-­‐5	  potenIal	  funding	  mechanisms;	  provide	...
©	  2013	  Earth	  Economics	  QuesIons	  to	  address…	  1.	  How	  much	  funding	  is	  needed?	  2.	  How	  much	  fun...
©	  2013	  Earth	  Economics	  PotenIal	  Funding	  Mechanisms	  for	  Nisqually	  1.	  Watershed	  ProtecIon	  Charge	  (...
©	  2013	  Earth	  Economics	  dbatker@eartheconomics.org	  tstanton@eartheconomics.org	  
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Developing New Funding Mechanisms in the Nisqually

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

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Transcript of "Developing New Funding Mechanisms in the Nisqually"

  1. 1. ©  2013  Earth  Economics  Developing  New  Funding  Mechanisms  in  the  Nisqually  April 19, 2013
  2. 2. ©  2013  Earth  Economics  501(c)3 founded in 1998 Part  I:  About  Us  
  3. 3. ©  2013  Earth  Economics  Where  We  Work  
  4. 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. 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. 6. ©  2013  Earth  Economics  1913  
  7. 7. ©  2013  Earth  Economics  Breaker Boys
  8. 8. ©  2013  Earth  Economics  
  9. 9. ©  2013  Earth  Economics  Microeconomics Macroeconomics Eartheconomics
  10. 10. ©  2013  Earth  Economics  Built Capital Social Capital Human Capital Natural CapitalFour Types of Capital
  11. 11. ©  2013  Earth  Economics  Loss of Natural Capital
  12. 12. ©  2013  Earth  Economics  
  13. 13. ©  2013  Earth  Economics  Track of Hurricane Katrina,August 23-29, 2005, showing spatial extent and storm intensity along its path (source: NOAA)
  14. 14. ©  2013  Earth  Economics  
  15. 15. ©  2013  Earth  Economics  IdenIfying:  Provisioners,  Beneficiaries  and  Impairments  NaIonal  Science  Grant  
  16. 16. ©  2013  Earth  Economics  IdenIfying:  Provisioners,  Beneficiaries  and  Impairments  
  17. 17. ©  2013  Earth  Economics  Carbon sequestration storage
  18. 18. ©  2013  Earth  Economics  Flood protection
  19. 19. ©  2013  Earth  Economics  SeaPle  Public  UIliIes  
  20. 20. ©  2013  Earth  Economics  
  21. 21. ©  2013  Earth  Economics  Freshwater  Provisioning  Value:  $200  million  
  22. 22. ©  2013  Earth  Economics  Part  II:  History  of  EE’s  Work  in  the  Watershed:  Valuing  the  Ecosystem  Services  in  the  Nisqually  
  23. 23. ©  2013  Earth  Economics  hPp://en.wikipedia.org/wiki/File:Nisqually_Watershed.JPG  12  Ecosystem  Services  18  Land  Cover  types  Nisqually  Watershed  
  24. 24. ©  2013  Earth  Economics  FreshwaterSupply © 2013 Earth Economics
  25. 25. ©  2013  Earth  Economics  ErosionControl
  26. 26. ©  2013  Earth  Economics  BiologicalControl
  27. 27. ©  2013  Earth  Economics  FloodProtection http://www.ucmp.berkeley.edu/glossary/gloss5/biome/wetlands/wetlandsgallery.htm
  28. 28. ©  2013  Earth  Economics  NutrientCycling http://www.plantanswers.com/Articles/DirectSeedingIntoGardenSoil.asp
  29. 29. ©  2013  Earth  Economics  Carbon Sequestration © 2012 Earth Economics
  30. 30. ©  2013  Earth  Economics  Soil Formation hPp://www.trekearth.com/gallery/Asia/India/North/Jammu_and_Kashmir/Gurez/photo1160427.htm  
  31. 31. ©  2013  Earth  Economics  Pollination © 2012 Earth Economics
  32. 32. ©  2013  Earth  Economics  WildlifeHabitat http://robinloznakphotography.blogspot.com/2010/07/northern-spotted-owl.html
  33. 33. ©  2013  Earth  Economics  Aesthetic andRecreation © 2012 Earth Economics
  34. 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. 35. ©  2013  Earth  Economics  !! #$%#()! ! *+,)-!#.+/!*01#()!!.+/!*01! $%2! 3+4!! 5678! 3+4!! 5678!#$%!($)*+! ,-./01! 23433! 23433! 23433! 23433!5(%)!($)*+! 0/.016! 2--4,-! 21014-0! 2/36.0,74/7! 26-.898.,6/49-!:;!($)*+! 91.//7! 2,04/6! 2-.370461! 2/.-//.66-417! 21-.,-0./6/48-!#+)?%!($)*+! 09.//-! 20794,,! 26./634/8! 2-/.361./8/49,! 289.,8/.60-418!@;A#$;#B!($)*+!5(%)! 66.688! 2094/7! 2-6.91,4/0! 2,73.7364/9! 2683.-3,./3/4--!@;A#$;#B!($)*+!:;!+(!#+)! 97.13/! 20./1847,! 269.0194-7! 2631.,1/.-/3478! 2-.9--.81/.6/846/!@;A#$;#B!CD$EF! 6-.,-6! 2094/7! 2-6.91,4/0! 2,,3./07410! 26,6.813.690498!$)*D!G)+%#B! 63.6-1! 20-8473! 297.7-/46,! 21.//1.,66479! 2-.6--.-71.7694-7!@;H)$=#I)*! ,.603! 2,,4,-! 266.3-0468! 291-.83/4/9! 2-97.-/9.33,4,1!D$EFCJ$EF! 6-.,--! 2--4,-! 21014-0! 269/.60948-! 2-0.8--.3-84/0!K$#**%#BL)$F! 67.183! 27,401! 27,401! 26.887.19,4/6! 26.887.19,4/6!MN$;JE%+E$)! -.-73! 267473! 207413! 209.91,430! 2/,.-39493!5#*+E$)! 61.8/9! 21469! 21469! 2-1,.,8348,! 2-1,.,8348,!O$F#B!K$))B!CA#J)! 68.019! 2-.6,8406! 2/.,/04-3! 201.697./-/430! 2-0/.90,.90848,!P)#JD! 6! 266.090406! 28-.96843-! 20,.00343/! 2-01.-9-4,8!#%+!:#$*D! -.6-9! 20984,/! 2--/.,074/8! 2/01.3-6413! 2-07./9/.010477!*+E#$!G#+)$*! -.7-6! 2-8416! 2-.81849-! 209.13-4//! 20.9,6.97-4-6!:#$;B)!G#+)$*! 0.337! 269740/! 2,,6418! 2,83.09/431! 26.06/.77/4-6!*+,)-2! 99:;! ! ! :=;???;???! 9;@??;???;???!!
  36. 36. ©  2013  Earth  Economics  ES  in  Nisqually  Report-­‐2009  High  $280  million  Low  $4.1  Billion  In yearly benefits
  37. 37. ©  2013  Earth  Economics  Part  III:  From  ValuaIon  to  Funding  Mechanisms  in  the  Nisqually  
  38. 38. ©  2013  Earth  Economics  Copyright © 2011 Earth Economics Applying  Ecosystem  Services  Identify Value Model andMap Analyze Fund What? Why? Result
  39. 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. 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. 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. 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. 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. 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. 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. 46. ©  2013  Earth  Economics  dbatker@eartheconomics.org  tstanton@eartheconomics.org  
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