Jason scott

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Jason scott

  1. 1. EKO on Biodoversity: A long and winding road Wednesday, November 10, 2010
  2. 2. 2 About EKO Vision: Put a price on nature’s services that reflects their true value to preserve them: clean air, water, biodiversity Mission: Catalyze institutional strength capital for projects, firms and funds in ecosystems markets Our equity investors: David Blood, Wolfensohn & Co., Peter Wheeler, Lord Jacob Rothschild, Sunil Paul, Larry Lunt, Colin Leduc, KL Felicitas, Richard Kauffman, Ben Goldsmith, Aimee Christensen and Carter Bales Wednesday, November 10, 2010
  3. 3. 3 Ecosystem Services Wednesday, November 10, 2010
  4. 4. 4 Headed for ecological overshoot without pricing? Wednesday, November 10, 2010
  5. 5. 5 Already there! Wednesday, November 10, 2010
  6. 6. 6 Size and Growth of Markets US carbon at $80b in 2012-13 assumes regulated US carbon market. Ecosystem market sizes in millions of dollars – historical and estimated future Wednesday, November 10, 2010
  7. 7. 7 Wednesday, November 10, 2010
  8. 8. 8 !"#$%"&'%()*+,&-&.(%/,%01#/&2#"34*,&5&2%"3*,&67889:& Carbon Markets GG@,& ;<#+#& ,//%&'()$*% =#/>;<#+#& G"$*(+%& /%&'()$*% +3.3!0% =AD& #2%&'()$*% +3.,$0% 2#"3/+%(<& 2#"3/+%(<& H.EI& +$.30% KC& /#%&'()$*% Compliance markets B!!C& +3.##0% $!%&'()$*% EEJ& +3.#/0% -,#%&'()$*% 2,%&'()$*% +3.3/0% +$.10% Cap and trade/“Price on carbon” EF'& ,"$!!%&'()$*% +$3.$0% $144b or 8,625 MtCO2e in 2009 Geographic coverage (mostly EU) 15% Offsets by volume (tons) Voluntary markets ?@&?.A& !"#$!%&'()$*% +,,-./0% Value based on “quality” of reductions $388m or 94 MtCo2e in 2009 Global in supply; demand driven by U.S. and EU !"#$%&'()*+#,-./*0#12&/3%4*+5# Wednesday, November 10, 2010
  9. 9. 9 “Green Carbon” Forests, agriculture and soil carbon have historically been outside of regulated carbon markets, although always critical to voluntary markets Front and center now with development of the US and post-Copenhagen Forestry carbon already a part of leading pre-compliance US market: CA Recognition that forestry, soil and agricultural carbon make up 25-30% of global GHG problem; REDD being one of the few successes of Copenhagen Ag states and interests have a powerful voice - used it to influence the Waxman- Markey bill, changing the politics of climate change Coalition on Agricultural GHG’s (C-AGG) aggregating science and policy Wednesday, November 10, 2010
  10. 10. 10 Where are We? Wednesday, November 10, 2010
  11. 11. 11 Where are We? Wednesday, November 10, 2010
  12. 12. 12 Regional Carbon Markets !D#2)*)E')*#F:58'*(%-#.+)-G),(3%H)*1# 758)#+(5I)1#J4G5*>#)6-5#5?-%:8'*@#A2BC# 12#$%$&'()*+,'-.$ 12#$3$4567(87($$ /""!0%$&'()*+,'-.$$ /""!0$%$4567(87($ !""#$%$&'()*+,'-.$ HI !"#$%&'()*#+,),%-#./)0)1#23'34)34)1# 25)34'6)1#74%85#9%5*1#+5*5:)1# ;)<)46'=)->#)6-5#5?-%:8'*@#A2BC# Wednesday, November 10, 2010
  13. 13. 13 Future for REDD? • Are there too many credits out there? • Projects could be quite big • Will there be a mis-match between supply and demand? • What does that do to the market? • What rules out of Cancun? • And what about leakage? • Oddly, the great hope in my mind is the US Wednesday, November 10, 2010
  14. 14. 14 The Nitrogen Problem Wednesday, November 10, 2010
  15. 15. 15 The Nitrogen Problem Wednesday, November 10, 2010
  16. 16. 16 The Nitrogen Problem Wednesday, November 10, 2010
  17. 17. 17 The Nitrogen Problem Wednesday, November 10, 2010
  18. 18. 18 Water-related Markets Much less developed Two possible kinds: Quality Quantity Quality likely to come in first i.e. Nutrient trading Science and application easier Wednesday, November 10, 2010
  19. 19. 19 A Global Problem... Source: New Scientist Wednesday, November 10, 2010
  20. 20. 20 Markets in Biodiversity? Is toughest nut to crack Not easily commoditized Is an “anti-commodity” Besides, what do we mean by Biodiversity? Ecosystems? Species? Genetic diversity? All of the above Wednesday, November 10, 2010
  21. 21. 21 And yet there is movement... Wetland & Conservation Banking (US) Bio-banking & BushBroker (Australia) Voluntary Biod. offsets (Global) Gov’t payments for biodiversity (Global) Such as Bush Tender & Eco-Tender Program in Mexico, China Wednesday, November 10, 2010
  22. 22. 22 The $150,000 Fly Delhi Sands Flower-loving Fly First Fly on Endangered Species list Stopping development in San Bernadino County Vulcan Materials Bank Sold credits for between $100k and $150k Wednesday, November 10, 2010
  23. 23. 23 Wednesday, November 10, 2010
  24. 24. 24 Wednesday, November 10, 2010
  25. 25. 25 True Value Take nature’s services for granted What isn’t valued is over-used Think what would happen if electricity were free Then think what would happen to generating companies That is what is happening to nature Wednesday, November 10, 2010

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