1 / 31

Invest in Things that matter Get what you pay for Confirm it over time

Invest in Things that matter Get what you pay for Confirm it over time. David Primozich Executive Director. What’s the Partnership working for?. Strategic investment in things that matter A fair and transparent way for people to buy and sell the benefits of restoration

cgail
Download Presentation

Invest in Things that matter Get what you pay for Confirm it over time

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Invest in Things that matter Get what you pay for Confirm it over time David Primozich Executive Director

  2. What’s the Partnership working for? • Strategic investment in things that matter • A fair and transparent way for people to buy and sell the benefits of restoration • Rules and tools that make restoring things that matter a practical business decision for private land managers

  3. Grey Infrastructure Cooling Towers Green Infrastructure Restore 35 miles of streams • Compliance Achieved • Cost - A lot Compliance Achieved Cost - A lot less Ecological Value Not Much Ecological Value HUGE

  4. Ecosystem Credit Accounting Project Purpose • A way for farmers and foresters to get paid to restore the things ecosystems need • Predictable and standardized process for permitting, buying, and selling credits • More income choices for famers and foresters • Tools for to make the system accessible

  5. Status: Version 1.0 Crediting Protocols

  6. Project Scope Version 1 credit types • Wetland (functional acre) • Salmonid habitat (functional linear foot) • Upland prairie habitat (functional acre) • Water quality: Temperature (kcal/day) Near-term priorities • Water quality: Nitrogen, Phosphorus, Sediment • Water quantity: Flow • Carbon • Generalized rare habitat

  7. Validate Calculate Verify Register Track Seller Feasibility & Eligibility

  8. Validate Calculate Verify Register Track Defining Eligibility • Is it what the ecosystem needs? • Is it additional to what is required? • Can the project meet minimum quality standards? • Can appropriate permits be acquired? • Is requisite land protection in place or possible?

  9. Site Planning and Baseline Assessment

  10. Validate Calculate Verify Register Track Calculate Baseline

  11. Baseline Ledger

  12. Validate Calculate Verify Register Track Calculate Baseline Project Change

  13. Field Guide Sample

  14. Field Guide Sample

  15. Metric Guidance Sample

  16. Functional Scores to Tradable Currencies

  17. Validate Calculate Verify Register Track Multipliers, Discounts, and Reserves • Goal of Multipliers and Discounting Factors: • Seller Incentives: • Restore/Conserve priority areas • Buyer Incentives: • Avoid impacts to the best places • Purchase credits from fully functional sites • Populate a Reserve Pool of credits to cover uncertainty

  18. Validate Calculate Verify Register Track Reserves • Buyers Reserve Contributions • Need to buy more if: • impact occurs in a priority area • impact occurs before mitigation • Sellers Reserve Contributions • Need to hold back less if: • Restoration occurs in a priority area

  19. Functional Scores to Tradable Currencies

  20. Validate Calculate Verify Register Track Verification • Office Audit: review of documents, calculations, permits and land protections. • Field: review map unit boundaries, spot check data sheets. • Agency Certification

  21. Registry Overall Purpose: To track the custody of Ecosystem Service Credits over time

  22. Validate Calculate Verify Register Track Area 1 Credit Quantity Wetlands 4.0 Area 4 Credit Quantity Wetlands 1.44 (-0.72) Salmonids 622 (Sell 311) Temperature 2,598,664 (-1,299,332) Area 4 Credit Quantity Wetlands 1.44 Salmonids 622 Temperature 2,598,664 Area 2 Credit Quantity Wetlands 3.0 Area 3 Credit Quantity Wetland (Buffer) .40

  23. What Now New Currencies • Nutrients • Habitat Metric Training • Project Planning and Calculation • Credit Process • Verifiers Certification Program

  24. What Now New Places • Can multi-credit markets work elsewhere? • Where and under what are the conditions? • Can the process we’ve developed make it easier?

  25. Questions David Primozich primozich@willamettepartnership.org

More Related